ProShares Reveals Share Splits for ETFs
Forward and Reverse Share Splits: ProShares announced forward splits for eight ETFs and reverse splits for 14 ETFs, effective November 20, 2025, which will adjust the number of shares and their prices without changing the total investment value for shareholders.
Details of Forward Splits: The forward splits will decrease the price per share while increasing the number of shares outstanding, with specific ratios outlined for each ETF, such as a 4-for-1 split for LTL and UPW.
Details of Reverse Splits: The reverse splits will increase the price per share while decreasing the number of shares outstanding, with new CUSIP numbers issued for affected ETFs, such as a 1-for-5 split for UVXY and SQQQ.
Impact on Shareholders: Shareholders holding fractional shares post-reverse split will receive cash for those shares, which may result in taxable events, and investors are advised to consider the risks associated with ProShares ETFs before investing.
Trade with 70% Backtested Accuracy
Analyst Views on QLD

No data
About the author


Performance Comparison: QLD has delivered slightly higher one-year total returns than SPXL, but both funds exhibit similar extreme drawdown risks and volatility, with SPXL offering broader diversification across over 500 stocks compared to QLD's concentrated tech focus.
Fund Characteristics: SPXL aims to triple the daily performance of the S&P 500, while QLD targets double the daily performance of the Nasdaq-100, leading to different risk-reward profiles; SPXL's higher leverage can result in greater returns but also steeper losses.
Sector Allocation: QLD allocates 55% of its assets to technology, with significant holdings in major tech companies like Nvidia, Apple, and Microsoft, whereas SPXL has a more diversified sector exposure, which can help mitigate volatility.
Investment Considerations: Investors should choose between QLD for targeted tech exposure and SPXL for broader S&P 500 exposure, keeping in mind the higher expense ratios and the nature of leveraged funds that amplify both gains and losses.

Regulatory Challenges for Ultra-Leveraged ETFs: The SEC has issued warning letters to nine issuers, including ProShares and Direxion, halting plans for new ultra-leveraged ETFs that promise up to five times the daily return on various assets, including stocks and cryptocurrencies.
Impact on Existing 2× ETFs: The regulatory freeze creates a scarcity advantage for already-approved 2× ETFs, which have performed well this year, as they become the only viable options for traders seeking leveraged exposure.
Uncertain Future for Ultra-Leveraged Funds: The SEC's discomfort with the risk profiles of ultra-leveraged products raises questions about whether this regulatory pause is temporary or indicative of a more fundamental shift in the market.
Shift in the Leveraged ETF Landscape: The current freeze on new product launches signals a new phase of disruption in the leveraged ETF market, potentially leading issuers to explore buffered or thematic ETFs instead.
Leveraged ETFs Overview: QLD and SPXL are leveraged ETFs that aim to provide amplified returns, with QLD targeting double the daily performance of the Nasdaq-100 and SPXL aiming for triple the daily performance of the S&P 500.
Performance Comparison: Over the past five years, SPXL has outperformed QLD with a total return of 366% compared to QLD's 252%, both significantly exceeding the S&P 500's 123% return.
Sector Focus and Holdings: QLD has a tech-heavy portfolio with 54% in technology, while SPXL has a more diversified range of stocks, with both funds employing daily leverage resets that can impact long-term returns.
Investment Risks: Both funds come with high fees and extreme volatility, having experienced drawdowns exceeding 60% in the last five years, highlighting the risks associated with leveraged investments.
Stock Performance: QLD's share price is currently at $127.95, with a 52-week low of $64.72 and a high of $130.42, indicating a strong performance relative to its historical range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks, with units that can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.
Stock Performance Overview: QLD's share price ranges from a low of $64.72 to a high of $126.98 over the past year, with the latest trade at $121.89, which is close to its 200-day moving average.
ETFs Trading Dynamics: Exchange traded funds (ETFs) operate like stocks but involve trading "units" that can be created or destroyed based on investor demand, affecting the underlying holdings significantly during notable inflows or outflows.
Stock Performance: QLD's share price is currently at $123.26, close to its 52-week high of $123.46, with a low point of $64.72 in the same period.
ETFs Trading Dynamics: ETFs function like stocks but involve trading "units" that can be created or destroyed based on investor demand, impacting the underlying assets held within the ETFs.









