Reverse Splits on 9 ETFs

http://finance.yahoo...l...ml?x=0&.v=1

Reverse Split for 9 ProShares ETFs: Signs of a Top?

http://seekingalpha....op?source=yahoo

Not a top, over issuance. There is a competition to cover the hot spots in equities, and it leads to over issuance as a cost saving device for sponsors. A reverse merger is one way to keep the prices up and the float v. held at a level that covers operating costs of the sponsor (they miss on demand estimates (hopes?). Remember some institutional holders have price limits on their individual holdings, nothing less than $5 or $N bucks. Best, Islander