ProShares Trust II Sets 1-for-2 Reverse Stock Split, Effective Nov. 19
VIXM keeps its ticker and gets a new CUSIP, and fractional shares will be redeemed for cash.
Key terms
- Ratio: 1-for-2 reverse split of VIXM, effective before market open on Nov. 19
- Ticker stays VIXM; new CUSIP 74347Y649
- Fractional shares are redeemed for cash and sent to the broker of record
- Filing announced Tuesday, Nov. 3; no record date given
ProShares Trust II will carry out a 1-for-2 reverse stock split of its ProShares VIX Mid-Term Futures ETF (Cboe BZX: VIXM), effective before market open on Nov. 19, the company said in an 8-K filed Tuesday, Nov. 3.
The announcement came in a press release dated Nov. 3 that also covers other ProShares funds. The filing says none of the additional funds are series of ProShares Trust II.
What holders receive
Every two pre-split shares will be exchanged for one post-split share, which will be priced at twice the net asset value of a pre-split share. The filing says the split will not change the value of a shareholder's investment.
Ticker, CUSIP and fractional shares
The ticker symbol VIXM will not change, but the fund will be issued a new CUSIP number, 74347Y649. Holdings that are not a multiple of two will produce a fractional share. Those fractions will be redeemed for cash and sent to the shareholder's broker of record. The filing notes that this redemption may cause some shareholders to realize gains or losses, which could be a taxable event.
The filing does not give a record date, the pre-split and post-split share counts, or a reason for the split.
Sources
Written with AI from the company's SEC filing and our market data, and checked against those sources before publishing. Our editorial standards.
More corporate actions
Reverse stock splits and stock splits →- Enhanced Group Sets 1-for-10 Reverse Stock Split, Effective Oct. 29 · ENHA · Nov. 3, 2026
- Weyco Group Declares $2.00 Special Cash Dividend, Payable Jan. 8, 2027 · WEYS · Nov. 3, 2026
- 22nd Century Group Sets 1-for-58 Reverse Stock Split, Effective Nov. 5 · XXII · Nov. 3, 2026
- iSpecimen Stockholders Approve Reverse Stock Split of 1-for-10 to 1-for-100 · ISPC · Nov. 2, 2026
More on ProShares Trust II
AGQ page →Filings, figures and price history are on the ProShares Trust II page.