BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, announced today reverse share splits on two of its ProShares Trust II ETFs. The splits will not change the total value of a shareholder's investment.
Reverse Splits
Two ETFs will reverse split shares at the following split ratios:
| Ticker | ProShares ETF | Split Ratio | Old CUSIP | New CUSIP |
| UVXY | ProShares Ultra VIX Short-Term Futures ETF | 1:5 | 74347W163 | 74347W148 |
| SVXY | ProShares Short VIX Short-Term Futures ETF | 1:4 | 74347W627 | 74347W130 |
All reverse splits will be effective prior to market open on September 18, 2018, when the funds will begin trading at their post-split price. The ticker symbols for the funds will not change. The funds will be issued new CUSIP numbers, listed above.
The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share.
About ProShares
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $30 billion in assets. The company is the leader in strategies such as dividend growth, alternative and geared (leveraged and inverse). ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
