ProShares VIXY ETF Announces 1-for-4 Reverse Split, Consolidating Shares and Adjusting Price
ProShares VIX Short-Term Futures ETF (VIXY) has announced a 1-for-4 reverse stock split, which consolidates shares and adjusts the share price. After the split, every four shares of VIXY will convert into one, with each existing share representing 0.25 of a new share.
This action decreases the total number of outstanding shares, generally raising the price per share while leaving the fund’s market value unchanged. Reverse stock splits are often used to maintain a fund’s price above a certain level, appealing to institutional investors and meeting exchange requirements. Although the split doesn’t alter the ETF’s intrinsic value, it may impact how investors perceive its performance and could affect trading ease for smaller share amounts. VIXY shareholders should take note, as the adjustment may influence share price and liquidity.
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