Editor’s Insight: SPXU Reverse Split

Issue #91

Dear Member,

This morning, ProShares announced a reverse split in the UltraPro Short S&P 500 (SPXU). This means you should now have 25 shares for every 100 you bought at an adjusted basis of $62.32.

There is nothing you need to do since your broker should have automatically adjusted the sell stop higher to $58.68.

Best wishes,

Larry