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ProShares Will Reverse Split Nine Inverse ETFs

|Includes:ProShares UltraShort Oil & Gas ETF (DUG), EEV, FXP, GLL, SMN, SRS, URE, UYG, ZSL

Proshares Plan To Reverse Split Inverse ETF - Find Out Who

London-based ETF Securities, ETF Securities LTD, the ETF Securities Physical Palladium Shares (NYSE: <a href='http://seekingalpha.com/symbol/PALL' title='ETFS Physical Palladium Shares ETF'>PALL</a>)
About: ProShares, inverse ETFs, reverse splits, UltraShort Oil & Gas ETF (NYSE: DUG),UltraShort MSCI Emerging Markets ETF (NYSE: EEV), UltraShort FTSE/Xinhua China 25 Index (NYSE: FXP),UltraShort Gold ETF (NYSE: GLL), UltraShort Basic Materials ETF (NYSE: SMN), UltraShort Real Estate ETF (NYSE: SRS), Ultra Real Estate ProShares ETF (NYSE: URE), Ultra Financials ProShares (NYSE: UYG), UltraShort Silver ProShares ETF (NYSE: ZSL)
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ProShares, one of the top issues of inverse ETFs, will initiate reverse splits for nine of its ETFs that will take effect on Wednesday April 14th. The ETFs will trade at the split-adjusted prices on April 15. Seven of the ETFs will be split 1-for-5 while the other will be split 1-for-10. Reverse splits reduce the number of shares outstanding while increasing the ETFs' prices.

The ETFs subject to the 1-for-5 reverse splits are the UltraShort Oil & Gas ETF (NYSE: DUG), the UltraShort MSCI Emerging Markets ETF (NYSE: EEV), the UltraShort FTSE/Xinhua China 25 Index (NYSE: FXP), the UltraShort Gold ETF (NYSE: GLL), the UltraShort Basic Materials ETF (NYSE: SMN), UltraShort Real Estate ETF (NYSE: SRS) and the Ultra Real Estate ProShares ETF (NYSE: URE).

The Ultra Financials ProShares (NYSE: UYG) and the UltraShort Silver ProShares ETF (NYSE: ZSL) will be the ETFs split 1-for-10. If you own 100 shares of one of the ETFs that are being split 1-for-5, you will have 20 shares after the split. One hundred shares of UYG and ZSL will leave you with 10 shares after the split.


Disclosure: NO POSITIONS
Stocks: DUG, EEV, FXP, GLL, SMN, SRS, URE, UYG, ZSL