ProShares Announces Reverse Share Splits of Nine ETFs

ProShares announced today that it will execute reverse share splits on nine ProShares ETFs. The reverse splits will be effective for shareholders of record after the close of the markets on April 14, 2010. Seven of the funds will execute
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NYSE:DUG April 9, 2010 1:23pm

Leveraged ETF’s Weigh Bank Preferred Redemptions

The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are getting to deal with yet another potential wrench in the machine: preferred share redemptions from major banks. 
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NYSE:FAS May 28, 2009 1:07pm

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