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Listing Alert

MIAX Pearl

April 09, 2024 | 12:35 PM

MIAX Exchange Group - Options Markets - Corporate Action Alert: Select ProShares ETFs

The following ProShare ETF's have announced reverse stock splits effective for Wednesday, April 10, 2024:

  • ProShares Short QQQ (PSQ)
  • ProShares UltraShort QQQ (QID)
  • ProShares UltraPro Short S&P 500 (SPXU)
On that date, the current PSQ, QID and SPXU option classes will change to PSQ1, QID1 and SPXU1.  The MIAX Options Exchange, MIAX Pearl Options Exchange and MIAX Emerald Options Exchange will not list PSQ1, QID1 and SPXU1 options. Therefore, no options on PSQ, QID and SPXU will be available for trading on Wednesday, April 10, 2024. 

The above ProShare ETF's will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange and MIAX Emerald Options Exchange on Thursday, April 11, 2024.

All GTC orders resting on the MIAX order books in PSQ, QID and SPXU will be canceled at the close of business on Tuesday, April 9, 2024.

Additional details about the above ProShare ETF reverse splits are provided in the attached OCC Memos.

Please contact MIAX Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.