ProShares announces reverse splits for BOIL and SCO, effective May 28; new CUSIPs issued
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ProShares has announced reverse share splits for its funds BOIL and SCO, effective May 28, 2026. BOIL will undergo a 1-for-2 reverse split, while SCO will execute a 1-for-4 reverse split. New CUSIPs will be issued: 74347Y664 for BOIL and 74347Y656 for SCO. The ticker symbols will remain unchanged. These splits will increase the per-share price and proportionately reduce the number of shares outstanding. Fractional shares post-split will be cashed out via brokers, potentially triggering taxable gains or losses for shareholders.
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