UVXY Reverse Split Number 9—September 18, 2018

ProShares reverse split UVXY for the ninth time on September 18, 2018, with a 5:1 reverse split (press release).  Sometimes ProShares will do a 4:1 split because of issues with adjusted options, but this time 5:1 worked well on that dimension.  Proshares also reverse split its inverse -0.5X fund SVXY, which is a bit of a surprise.  Perhaps they want to help people forget the …

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