Dubster watching
5 months ago
BETHESDA, Md.--(BUSINESS WIRE)-- ProShares, a premier provider of ETFs, announced today forward and reverse share splits on eleven of its ETFs. The splits will not change the total value of a shareholderβs investment and will be effective on two separate dates.
Forward SplitsβPhase One
ProShares will implement forward splits for five ETFs in two phases, on two separate dates. Three ETFs will forward split shares at the following split ratios:
Ticker
ProShares ETF
Split Ratio
SPXE
ProShares S&P 500 Ex-Energy
2:1
SPXN
ProShares S&P 500 Ex-Financials
2:1
SPXV
ProShares S&P 500 Ex-Health Care
2:1
All forward splits in phase one will apply to shareholders of record as of market close on April 8, 2024, payable after market close on April 9, 2024. All forward splits will be effective prior to market open on April 10, 2024, when the funds will begin trading at their post-split prices. The ticker symbols and CUSIP numbers for the funds will not change.
Forward SplitsβPhase Two
Two ETFs will forward split shares at the following split ratios:
Ticker
ProShares ETF
Split Ratio
KOLD
ProShares UltraShort Bloomberg Natural Gas ( KOLD )
2:1
SVXY
ProShares Short VIX Short-Term Futures
2:1
Forward splits in phase two will apply to shareholders of record as of market close on April 9, 2024, payable after market close on April 10, 2024. All forward splits will be effective prior to market open on April 11, 2024, when the funds will begin trading at their post-split prices. The ticker symbols and CUSIP numbers for the funds will not change.
The forward splits will decrease the price per share of each 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 (βNAVβ) of a pre-split share.
Illustration of a Forward Split
The following table shows the effect of a hypothetical two-for-one forward split.
Period
# of Shares
Owned
Hypothetical
NAV
Value of
Shares
Pre-Split
100
$120.00
$12,000.00
Post-Split
200
$60.00
$12,000.00
Reverse SplitsβPhase One
ProShares will implement reverse splits for six ETFs in two phases, on two separate dates. Five ETFs will reverse split shares at the following split ratios:
Ticker
ProShares ETF
Split Ratio
Old CUSIP
New CUSIP
REW
ProShares UltraShort Technology ( REW )
1:2
74347G424
74349Y852
PSQ
ProShares Short QQQ ( PSQ )
1:5
74347B714
74349Y837
QID
ProShares UltraShort QQQ ( QID )
1:5
74347G739
74349Y829
SSG
ProShares UltraShort Semiconductors ( SSG )
1:5
74347G622
74349Y860
SPXU
ProShares UltraPro Short S&P500 ( SPXU )
1:5
74347B110
74349Y845
All reverse splits for phase one will be effective prior to market open on April 10, 2024, 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.
Reverse SplitsβPhase Two
tw0122
7 months ago
US natural gas futures declined to an over two-week low, reaching $2.5/MMBtu on Friday, with weekly losses exceeding 20%, the highest since December 2022. The EIA reported a smaller-than-expected storage draw and forecasts indicate reduced demand and increased output due to due to upcoming warmer weather. Additionally, US LNG export plant flows hit a one-year low, likely due to energy firms redirecting gas to the domestic market amid elevated power gas prices caused by extreme cold. Government data showed US utilities pulled 154 billion cubic feet of natural gas from storage last week, less than market expectations of a 164 bcf decrease. The report also showed gas in storage remains 11.2% above the seasonal norm.
tw0122
7 months ago
Yes reports are bogus so you go opposite direction usually when to many bulllish on NG you go $KOLD$$$$$
Got the money have 20% of my $73s left and dared add some $85s on the small dip was hoping for a dip but what the heck. About the whole US will be in record warm winter temperatures next week and industrial production report is tanking ..
US Natgas Prices Fall to 2-Week Low after EIA Data
US natural gas futures extended losses to below $2.8/MMBtu on Thursday, the lowest in two weeks, after EIA reported a smaller-than-expected storage draw. Government data showed US utilities pulled 154 billion cubic feet of natural gas from storage last week, less than market expectations of a 164 bcf decrease. The report also showed gas in storage remains 11.2% above the seasonal norm. Natural gas prices were already under pressure due to forecasts of reduced demand and increased output due to warmer late-January weather. Additionally, US LNG export plant flows hit a one-year low, likely due to energy firms redirecting gas to the domestic market amid elevated power gas prices caused by extreme cold.
3 hours ago
US Natural Gas Stocks Fall Less than Expected: EIA
US utilities pulled 154 billion cubic feet of natural gas from storages during the week that ended January 12, 2024, less than market expectations of a 164 bcf draw. That compares with a withdrawal of 68 bcf in the same week last year and a five-year (2019-2023) average decline of 126 bcf. Last week's decrease cut stockpiles to 3.182 trillion cubic feet (tcf), 350 bcf higher than last year at this time and 320 bcf above the five-year average of 2.862 tcf. At 3.182 tcf, total working gas is above the five-year historical range.
3 hours