Ultra Short ETFs Have Reverse Split
If you noticed that the UltraShort ETF in your portfolio was up several hundred percent today, don't get too excited. It was just a 5 for 1 or a 10 for 1 reverse split . The ETF sponsor, ProShares, reportedly did this to reduce the spread on the bid and asked price on the ETFs. The following are the ones that had a reverse split: Ultra Financials (UYG) - Split 1:10 Ultra Real Estate (URE) - Split 1:5 UltraShort Basic Materials (SMN) - Split 1:5 UltraShort FTSE/Xinhua China 25 (FXP) - Split 1:5 UltraShort Gold (GLL) - Split 1:5 UltraShort MSCI Emerging Markets (EEV) - Split 1:5 UltraShort Oil & Gas (DUG) - Split 1:5 UltraShort Real Estate (SRS) - Split 1:5 UltraShort Silver (ZSL) - Split 1:10 Author owns FXP.
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