ProShares Announces ETF Share Splits 

BETHESDA, Md. — ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 15 of its ETFs. The splits will not change the total value of a shareholder’s investment.  

Forward Split  

ProShares will implement forward splits for three ETFs at the following split ratios: 

These forward splits will apply to shareholders of record as of market close on November 17, 2026, payable after market close on November 18, 2026. The forward splits will be effective prior to market open on November 19, 2026, when the funds will begin trading at its post-split price. The ticker symbol and CUSIP numbers for the funds will not change.  

The forward splits will decrease the price per share of the fund, with a proportionate increase in the number of shares outstanding. For example, for a two-for-one split, every pre-split share will result in the receipt of two post-split shares, which will be priced at one-half the net asset value (“NAV”) of a pre-split share.  

Illustration of a Forward Split  

The following table shows the effect of a hypothetical two-for-one forward split.  

Reverse Splits   

ProShares will implement reverse splits for 12 of its ETFs at the following split ratios:  

^* ProShares Crypto ETFs invest in cryptocurrency derivatives (swap agreements, futures contracts and similar instruments) and do not invest directly in cryptocurrency.  

The reverse splits will be effective prior to market open on November 19, 2026, when the funds will begin trading at their post-split prices. The ticker symbols for the funds will not change. All funds undergoing a reverse split will be issued new CUSIP numbers, listed above.  

The reverse splits will increase the price per share of each fund, with a proportionate decrease in the number of shares outstanding. For example, for a one-for-two reverse split, every two pre-split shares will result in the receipt of one post-split share, which will be priced two times higher than the NAV of a pre-split share.  

Illustration of a Reverse Split  

The following table shows the effect of a hypothetical one-for-two reverse split.  

Fractional Shares from Reverse Splits  

For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of five for a one-for-five reverse split), the reverse split will result in the creation of fractional shares. Post-reverse split fractional shares will be redeemed for cash and sent to your broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.  

About ProShares  

ProShares has been at the forefront of the ETF revolution since 2006, offering one of the industry’s largest ETF lineups. ProShares, together with its mutual fund affiliate, ProFunds, manages $103 billion in assets.¹ The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.    

To learn more about the company and career opportunities, visit us on LinkedIn or at ProShares.com.