ProShares Trust II 8-K

What Happened ProShares Trust II (via ProShare Capital Management LLC) announced a 1-for-10 reverse share split for ProShares UltraShort Silver (NYSE Arca: ZSL). The fund will begin trading at its post-split price prior to market open on February 26, 2026; the announcement was made in a press release dated February 11, 2026.

Key Details

• Reverse split ratio: 1-for-10 (every 10 pre-split shares become 1 post-split share).
• Effective date: Prior to market open on February 26, 2026.
• Ticker: Remains ZSL; new CUSIP: 74347Y672.
• Fractional shares: Any fractional post-split shares will be redeemed for cash and sent to the shareholder’s broker; such redemptions may trigger taxable gains or losses.
• Filing: Announcement made via press release attached to the Form 8-K filed Feb 11, 2026; report signed by Todd B. Johnson.

Why It Matters A reverse split changes only the number of shares outstanding and the per-share price, not the total value of a shareholder’s investment. However, cash redemption of fractional shares can create small taxable events for holders who do not own shares in multiples of 10. Investors should check their broker accounts after Feb 26, 2026 for updated share counts and any cash-in-lieu payments, and consult a tax advisor if needed.