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ProShares sets 7 splits and 8 reverse splits on 15 of its leveraged and inverse funds. Getting...

ProShares sets 7 splits and 8 reverse splits on 15 of its leveraged and inverse funds. Getting reverse splits: UVXY 1:10, VIXY 1:5, KOLD 1:4, DUG 1:4, FINZ 1:4, TTT 1:4, SJF 1:4, EFU 1:4. Straight splits (all 2 for 1): UGE, UPRO, UMDD, UWC, RXL, UCC, URTY. The splits will be available to shareholders of record as of June 5, payable on June 7, and trade at the new price on June 10.
Comments (4)
  • vkalle
    , contributor
    Comments (2) | Send Message
     
    Ouch! Reverse split, that is bad for option writers.
    29 May 2013, 05:27 PM Reply Like
  • glcrev29
    , contributor
    Comments (2) | Send Message
     
    Please excuse my ignorance, but I hold options in UVXY (have also sold options) how will this effect me?

     

    Any help is appreciated.

     

    Regards,

     

    G
    29 May 2013, 05:27 PM Reply Like
  • lakefest
    , contributor
    Comments (2) | Send Message
     
    Do I want to own shares of UVXY to date when the 1-10 reverse split happens?
    29 May 2013, 05:28 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (10021) | Send Message
     
    Ouch, indeed!
    30 May 2013, 08:39 AM Reply Like
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