Cinthia Murphy

Cinthia Murphy is managing editor of ETF.com, specializing in all things ETFs. Her experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. Murphy has a bachelor’s degree in journalism from the University of Missouri-Columbia.

Features and News

PowerShares Unveils Senior Loan ETF

Is PowerShares' new floating-rate bank loan ETF coming at the right time?

Features and News

Russell To Reconstitute Indexes In June

Russell Investments, the global index provider that says it benchmarks more than 50 percent of U.S. institutional equity products, will rebalance some of its indexes in June in a process that will reflect shifts in equity markets in the past year.

The process of reconstituting benchmarks takes place annually and revisits the inclusion of particular companies in various indexes through rules such as market capitalization rankings, the company said in a press release.

Features and News

Global X Details Country, Niche ETFs

Global X, the New York-based exchange-traded fund firm known for its developing-market and natural resources funds, filed paperwork to market 12 ETFs, including country-specific strategies, dividend-seeking ETFs as well as off-the-beaten-path funds such as a potash ETF.

Features and News

Shiller: US Housing Market Is Vulnerable

The U.S. housing market remains in a precarious state, Shiller said.

Features and News

Case Shiller: US Housing Slumping

The U.S. housing sector is looking more and more like it's back in a slump.

Features and News

ProShares Plans Splits, Reverse Splits

ProShares, the Bethesda, Md.-based ETF provider known for its extensive roster of leveraged and inverse funds, announced share splits on four of its ETFs and reverse share splits on another 20, effective next week.

All the share splits, which will apply to shareholders of record after the close on Feb. 22 and that will be payable after the close on Feb. 24, will decrease the price per share and increase the number of shares outstanding, but won’t change the value of a shareholder’s investment, the company said today in a press release. Starting Feb. 25, the funds will begin trading at their post-split prices.

The funds splitting shares, their respective tickers and applicable split ratios are:

  • ProShares UltraPro QQQ (NYSEArca: TQQQ), 2-for-1
  • ProShares UltraPro Russell 2000 (NYSEArca: URTY), 2-for-1
  • ProShares UltraPro MidCap 400 (NYSEArca: UMDD), 2-for-1
  • ProShares UltraPro S&P 500 (NYSEArca: UPRO), 3-for-1

 

Thirteen funds will undergo reverse splits at the close on Feb. 24 on a 1-to-4 basis, and another seven will do so on a 1-to-5 ratio.

The reverse splits increase the price per share, but decrease the number of shares outstanding.

Splits can lead to fractional shares for investors not holding an exact multiple of the reverse split. Such fractional shares will be redeemed for cash, which can mean an investor might realize gains or losses and be taxed on those, the company said in the statement.

The funds undergoing 1-for-4 reverse splits are:

  • ProShares UltraShort MSCI Europe (NYSEArca: EPV)
  • ProShares UltraShort MidCap 400 (NYSEArca: MZZ)
  • ProShares UltraShort Technology (NYSEArca: REW)
  • ProShares UltraShort SmallCap 600 (NYSEArca: SDD)
  • ProShares UltraShort Russell MidCap Growth (NYSEArca: SDK)
  • ProShares UltraShort Industrials (NYSEArca: SIJ)
  • ProShares UltraShort Russell 2000 Value (NYSEArca: SJH)
  • ProShares UltraShort Russell MidCap Value (NYSEArca: SJL)
  • ProShares UltraShort Financials (NYSEArca: SKF)
  • ProShares UltraShort MSCI Mexico Investable Market (NYSEArca: SMK)
  • ProShares UltraShort Russell 2000 (NYSEArca: TWM)
  • ProShares Ultra DJ-UBS Crude Oil (NYSEArca: UCO)
  • ProShares UltraShort Silver (NYSEArca: ZSL)

 

Those undergoing 1-for-5 splits are:

  • ProShares UltraShort DJ-UBS Commodity (NYSEArca: CMD)
  • ProShares UltraShort MSCI Pacific ex-Japan (NYSEArca: JPX)
  • ProShares UltraShort QQQ (NYSEArca: QID)
  • ProShares UltraShort DJ-UBS Crude Oil (NYSEArca: SCO)
  • ProShares UltraShort Russell 2000 Growth (NYSEArca: SKK)
  • ProShares UltraShort Semiconductors (NYSEArca: SSG)
  • ProShares UltraShort Telecommunications (NYSEArca: TLL)

 

ProShares has more than $25 billion in assets across its 115 ETFs.

 

Features and News

First Trust Rolls Out Smart Phone ETF

First Trust takes on broader tech ETFs with its new "Smart Phone" ETF.

 

Features and News

Deutsche Tweaks Currency-Hedged ETFs

Deutsche Bank updated papers it originally filed with U.S. regulators in the fall to reflect new tickers and planned fees for five passive international equity ETFs from developed and developing countries alike that share a currency-hedging feature aimed at stabilizing returns.