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YIELDMAX TSLA OPTION INCOME STRATEGY ETF To Carry Out 1-for-2 Reverse Stock Split On February 26th, 2024

moomoo News ·  Feb 14 19:40

February 15th - $YIELDMAX TSLA OPTION INCOME STRATEGY ETF (TSLY.US)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from February 26th, 2024.

$YIELDMAX TSLA OPTION INCOME STRATEGY ETF (TSLY.US)$ rose 2.1% and closed at $8.76 on February 14th with a turnover of $30.35 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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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