ProShares declares 1-for-4 reverse split on 16 ETFs

|About: ProShares UltraShort MS... (EWV)|By:, SA News Editor

On January 24th the reverse split will occur, artificially decreasing the number of shares outstanding and increasing the price per share for the ETFs included in the split.

Every 4 pre-split shares will result in the receipt of 1 post-split share and will be priced at 4 times the price of 1 pre-split share.

The majority of the effected funds feature short term equity strategies and have underperformed during the recent economic upturn.

ETFs undergoing a 1-for-4 reverse split on Jan 24th: EWV, EPV, QID, SQQQ, SMDD, SJH, SBB, SIJ, FXP, MZZ, TWM, SDD, SKK, AGQ, UVXY, SPXU,