Scan: ETF Reverse Splits

Just ran across it in my scan . . .

Note that ProShares has announced a reverse split of several of its exchange-traded funds, leading to huge price increases. The leveraged short real-estate etf SRS is the most traded issue on the list.


The reverse splits are one share for five on these issues: DUG, EEV, FXP, GLL, SMN, SRS, URE.

And one share for 10 on UYG and ZSL.

By the way, isn't "reverse splits" a ridiculous term? Why not call them "mergers" or "melds."

Or at the least, follow the example of Orwell's Newspeak: split, unsplit.