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ProShares Ultra VIX Short-Term Futures ETF To Carry Out 1-for-5 Reverse Stock Split On April 11th, 2024

moomoo News ·  Apr 2 19:45

April 3rd - $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 11th, 2024.

$ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ rose 3.93% and closed at $6.61 on April 2nd with a turnover of $280.74 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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