ProShares Short Bitcoin ETF Set for 1-for-5 Reverse Stock Split on November 7, 2024

A reverse stock split consolidates several existing shares into a reduced number of shares, which can raise the stock price without affecting the company’s total market capitalization. This approach is often employed to bolster the share price, particularly if a company faces financial difficulties.

Note: Implementation of the reverse split is subject to final disclosure submitted to the exchange. This information is provided for reference only.
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