Share-split context: A reverse split was recorded on May 28, 2026 with coefficient 0.2. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

Understanding the ProShares Ultra Solana ETF (SLON)

What this ETF is trying to do

The ProShares Ultra Solana ETF (ticker: SLON) is a leveraged ETF traded on the NYSE. Because it is a leveraged fund, it is designed to move differently than the underlying asset it tracks.

What the numbers show

The data shows significant share-price declines for this ETF over recent periods.

• Year-to-Date (YTD) Price Return: The share price has declined by approximately 43.33%.

• One-Year Price Return: The share price has declined by approximately 85.82%.

Since no distributions were detected, the YTD and one-year total returns are the same as the price returns. Total return measures the overall change in value, while price return specifically tracks the movement of the share price.

This ETF also has a history of a reverse split. On May 28, 2026, a reverse split occurred with a coefficient of 0.2. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but this increase does not restore lost investment value.

Income and distribution explanation

Based on the supplied facts, SLON has not provided any income to investors recently. There were zero distributions in the last 12 months, and the distribution yield is 0%. Because there are no payouts, the income rating for this ETF is an "F" grade.

NAV erosion explanation

The fund has a severe erosion-risk flag. This means that StockValueFinder's screening rules detected substantial price deterioration and a weak erosion score of 10, which is labeled as "Severe price erosion."

It is important to understand the difference between price erosion and NAV erosion. Price erosion refers to the decline in the market price of the ETF shares. NAV (Net Asset Value) erosion refers to a decline in the actual value of the fund's underlying assets. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• The ETF provides exposure to a leveraged strategy for those researching the Solana ecosystem.

Cons

• Significant Price Decline: The ETF has experienced a very large one-year price decline of approximately 85.82%.

• High Risk Indicators: The fund has a severe erosion-risk flag and a high-severity erosion label.

• No Income: There are no distributions or dividends being paid to investors.

Beginner takeaway

The ProShares Ultra Solana ETF (SLON) is a leveraged fund that has experienced a major decline in its share price over the last year. It currently provides no income through distributions and carries a severe erosion-risk flag due to its price performance. Investors should be aware that leveraged funds can experience rapid and significant price changes.