VS Trust’s UVIX ETF to undergo 1-for-20 reverse split July 1, 2026
Rhea-AI Filing Summary
VS Trust, through Volatility Shares LLC, announced a 1-for-20 reverse share split for the 2x Long VIX Futures ETF (ticker UVIX). The change takes effect at the market open on July 1, 2026. The fund’s ticker stays the same, but it will receive a new CUSIP number, 92891H705.
The reverse split is designed so the overall value of each shareholder’s investment remains the same. Net asset value per share will be 20 times higher, while the number of shares held will be divided by 20. Any fractional post-split shares will be redeemed for cash, which may create taxable gains or losses for some investors.
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8-K Event Classification
Key Figures
Key Terms
CUSIP number financial
commodity pool operator financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 17, 2026 (
(Exact name of registrant as specified in its charter)
| (State of Organization) | (Commission File No.) | (I.R.S. Employer Identification Number) |
(
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Justin Young
Volatility Shares LLC
2000 PGA Boulevard, Suite 4440
Palm Beach Gardens, FL 33408
(866) 261-0273
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
| Barry Pershkow Volatility Shares LLC 2000 PGA Boulevard, Suite 4440 Palm Beach Gardens, FL 33408 |
Morrison Warren c/o Chapman and Cutler LLP 111 West Monroe Street Chicago, IL 60603 |
Securities registered or to be registered pursuant to Section 12(b) of the Act.
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events
Change to Exchange Listing
On June 17, 2026, Volatility Shares LLC (the “Sponsor”), on behalf of VS Trust (the “Trust”), issued a press release announcing a reverse share split (a “Reverse Split”) concerning its series, 2x Long VIX Futures ETF (Cboe BZX Exchange symbol: UVIX (the “Fund”)). The Reverse Split will not change the value of a shareholder’s investment.
The Fund will execute a 1 for 20 Reverse Split of its shares. The Reverse Split will be effective at the market open on July 1, 2026, when the Fund begins trading at its respective post-Reverse Split prices. The ticker symbol for the Fund will not change, but the Fund will be issued a new CUSIP number: 92891H705. The Reverse Split will increase the net asset value per share of the Fund with a proportionate decrease in the number of shares outstanding. Specifically, every 20 pre-Reverse Split shares held by a Fund shareholder will result in the receipt of one post-Reverse Split share, which will be priced 20 times higher than the net asset value of a pre-Reverse Split share.
For Fund shareholders who hold quantities of shares that are not an exact multiple of the applicable Reverse Split ratio (i.e., not a multiple of 20), the Reverse Split will result in the creation of a fractional share. Post-Reverse Split fractional shares will be redeemed for cash and sent to the shareholder’s broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.
The Sponsor announced the foregoing via a press release dated June 17, 2026. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
|
Exhibit No. |
Description | |
| 99.1 | Press Release dated June 17, 2026 | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL | |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 17, 2026
| VS Trust | ||
| By: |
/s/ Justin Young |
|
| Justin Young | ||
| Principal Executive Officer | ||
2
Exhibit 99.1
 |
Volatility Shares 2000 PGA Blvd, Suite 4440 Palm Beach Gardens, FL 33408 |
Volatility Shares Announces ETF Reverse Share Split
Palm Beach Gardens, FL, June 17, 2026—Volatility Shares LLC, on behalf of VS Trust (the “Trust”), announced today a reverse share split (a “Reverse Split”) for its series, 2x Long VIX Futures ETF (Cboe BZX Exchange symbol: UVIX (the “Fund”)). The Reverse Split will not change the value of a shareholder’s investment.
The Fund will experience a 1 for 20 Reverse Split of its shares which will be effective at the market open on July 1, 2026, when the Fund begins trading at its respective post-Reverse Split prices. The ticker symbol for the Fund will not change, but the Fund will be issued a new CUSIP number: 92891H705.
| Ticker | Fund | Split Ratio | Old CUSIP | New CUSIP | ||||
| UVIX | 2x Long VIX Futures ETF | 1:20 | 92891H606 | 92891H705 |
The Reverse Split will increase the net asset value per share of the Fund with a proportionate decrease in the number of shares outstanding. Specifically, every 20 pre-Reverse Split shares held by a Fund shareholder will result in the receipt of one post-Reverse Split share, which will be priced 20 times higher than the net asset value of a pre-Reverse Split share.
Fractional Shares from Reverse Splits
For Fund shareholders who hold quantities of shares that are not an exact multiple of the applicable Reverse Split ratio (i.e., not a multiple of 20), the Reverse Split will result in the creation of a fractional share. Post-Reverse Split fractional shares will be redeemed for cash and sent to the shareholder’s broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders. For questions, please call (866) 261-0273.
About Volatility Shares
Volatility Shares is a commodity pool operator registered with the National Futures Association (NFA) and a registered investment adviser registered with the Securities Exchange Commission (SEC).
“VIX®” is a trademark of the Chicago Board Options Exchange, Incorporated (“CBOE”) and CBOE has agreed that S&P may use the “VIX®” trademark in the names of the Indexes as licensed to Volatility Shares. Volatility Shares are not sponsored, endorsed, sold or promoted by S&P or CBOE or their respective affiliates, and S&P and CBOE and their respective affiliates make no representation regarding the advisability of investing in Volatility Shares.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 866.261.0273 or visit our website at www.volatilityshares.com. Read the prospectus or summary prospectus carefully before investing. An investment in the Fund involves risk, including possible loss of principal. The material available on this site is not an offer or solicitation of any kind to buy or sell any securities outside of the United States of America.
Foreside Fund Services, LLC is the marketing agent for UVIX.