The Toronto Stock Exchange reports that BetaPro Crude Oil 2x Daily Bull ETF has rolled back its shares on a one-new-for-10-old basis, effective on March 23, 2020. According to the TSX, the exchange-traded fund (ETF) will continue trading under the symbol HOU. The new Cusip number is No. 08662L 20 4.
The TSX reports that no fractional ETF shares will be issued. Where the consolidation results in a fractional share, the number of postconsolidation shares will be rounded down to the nearest whole postconsolidation share, in the case of a fractional interest that is less than 0.5, or rounded up to the nearest whole number, in the case of a fractional interest that is 0.5 or greater.
For more information, see the ETF's news releases dated March 6, 2020, March 10, 2020, and March 18, 2020, available on SEDAR.
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