Romeo Fayette

ProShares Short ETF Short-Term Capital Gains Distributions

Correct me if I'm wrong, but they adjusted the NAV & share price to reflect the distribution. Thus, it looks from my G/L on SDS (Ultrashort S&P) that I'll just be able to net out those ST Cap Gains Distributions (~$11/sh) against the ST Cap Loss from the adjusted price.
That generates a few contingencies:
1. I realize the position this year
2. I haven't held it LT--but, who holds these long term? Expenses make them ST trading vehicles, LT buy & hold is generally irrational.
3. Do stop orders get triggered? Further, I would assume they adjust option strike prices to account for the price adjustment.

Cheerio