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2x Long VIX Futures ETF To Carry Out 1-for-10 Reverse Stock Split On October 11th, 2023

moomoo News ·  Sep 26, 2023 19:40

September 27th - $2x Long VIX Futures ETF (UVIX.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 11th, 2023.

$2x Long VIX Futures ETF (UVIX.US)$ rose 18.42% and closed at $4.05 on September 26th with a turnover of $105.21 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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