The 'deflation trade' has been a tough row to hoe for the past year or so, compliments of the Fed's Balance Sheet.
It has been SO bad, that nine Proshares funds including several of the 'short ETFs' are going to have substantial reverse splits this week.
ProShares announced that it will execute reverse share splits on nine ProShares ETFs.Read the rest of this article here.
The splits take effect after the close on April 14. Here's the reason for doing the reverse splits according to ProShares:For funds with lower nominal prices, bid-ask spreads represent a higher percentage of the transaction price than for higher-priced funds, increasing both costs and volatility — even when the spread is tight.ProShares believes the reverse splits will adjust the share prices to a more cost-efficient level for the Funds' shareholders and that commissions charged by brokers who assess their clients on a per-share basis may be smaller, as investors will need to buy or sell fewer shares.
