ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[PlanTrader]

kiy, But since these ETFs are based on futures, it's more a matter of the market as far as what happens after a reverse split. It's not dilution or other factors like happens with companies/stocks as far as I know.

Although I think the time-based erosion (cantango) on futures-based ETFs can hurt either way as contract months roll over. If the futures are trading at a higher price than spot-price, the futures price will often dip down to meet the spot price as the contract expires. It can do this over & over, unless I'm mistaken, upon every rollover. I'd expect oil to trade in cantango that way since future expectations would be higher prices. So I'm hoping this is near the bottom & I don't have to hold this TOO long. I guess if it runs up enough the cantango won't matter too much.