Dear Valued Client,
Greetings from INGOT Brokers.
ProShares Ultra announced that it will implement a 1-for-10 reverse split of its UVXY.ETF (ProShares Ultra VIX Short-Term Futures ETF). The reverse splits will be effective before the market open on May 26th, 2021.
Clients are advised to close their positions before the end of Tuesday session on May 25th, 2021, as INGOT BROKERS will close UVXY.ETF open positions automatically by end of the session.
* IBs are required to forward this message to their clients accordingly.
INGOT Brokers Team