ProShares Trust II

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.

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.