SplitNov 3, 2026, 04:47 PM
ProShares VIXM ETF Announces 1-for-2 Reverse Share Split
AI Summary
ProShares Trust II announced a 1-for-2 reverse share split for its ProShares VIX Mid-Term Futures ETF (VIXM), effective November 19, 2026. This action will increase the price per share and decrease the number of outstanding shares proportionally, without changing the total value of an investment. Shareholders with fractional shares will have them redeemed for cash, which could be a taxable event.
Key Highlights
- ProShares VIX Mid-Term Futures ETF (VIXM) will execute a 1-for-2 reverse share split.
- The reverse split will be effective prior to market open on November 19, 2026.
- The ticker symbol for VIXM will remain unchanged.
- A new CUSIP number, 74347Y649, will be issued for VIXM.
- Fractional shares resulting from the split will be redeemed for cash.
- This redemption may result in taxable gains or losses for shareholders.
Price Impact