SplitMay 12, 2026, 03:32 PM
ProShares Announces Reverse Splits for BOIL and SCO ETFs
AI Summary
ProShare Capital Management LLC, on behalf of ProShares Trust II, announced reverse share splits for ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares UltraShort Bloomberg Crude Oil (SCO). The 1-for-2 reverse split for BOIL and the 1-for-4 reverse split for SCO will be effective prior to market open on May 28, 2026. These administrative actions will not alter the total value of a shareholder's investment, though fractional shares will be redeemed for cash, potentially creating a taxable event.
Key Highlights
- ProShares Ultra Bloomberg Natural Gas (BOIL) will execute a 1-for-2 reverse share split.
- ProShares UltraShort Bloomberg Crude Oil (SCO) will execute a 1-for-4 reverse share split.
- Both reverse splits are effective prior to market open on May 28, 2026.
- The splits will not change the total value of a shareholder's investment.
- BOIL will receive new CUSIP "74347Y664"; SCO will receive new CUSIP "74347Y656".
- Fractional shares resulting from the reverse splits will be redeemed for cash.