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1-for-3 reverse split warning for Defiance ETFs ($JEPY, $QQQY, $IWMY)
For those that have no idea what this means. The price will 3x and you will have 1 share for 3 you own
So if I have 300 shares, after this is done I'll have 100 shares.
This should also mean the dividend 3x as well (but isn't always the case like when $YieldMax TSLA Option Income Strategy ETF (TSLY.US)$ did this before its dividend was still reduced by 50% from IPO). So only time will tell what this means for everyone's dividend $Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF (QQQY.US)$ $DEFIANCE S&P 500 ENHANCED OPTIONS INCOME ETF (JEPY.US)$
So if I have 300 shares, after this is done I'll have 100 shares.
This should also mean the dividend 3x as well (but isn't always the case like when $YieldMax TSLA Option Income Strategy ETF (TSLY.US)$ did this before its dividend was still reduced by 50% from IPO). So only time will tell what this means for everyone's dividend $Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF (QQQY.US)$ $DEFIANCE S&P 500 ENHANCED OPTIONS INCOME ETF (JEPY.US)$
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103988050 : Why is it happening?? Seriously? Reverse??
Andrea Connally 103988050 : It feels a little too early for a reverse split. I assumed it would happen but closer to 9-10$ per share.
70130849 : why they are doing this ?? looks like they take your money given some monthly dividend from your money and then again reverse ... bullshit option strateg they have
LolaA 70130849 : when does this take effect?
LolaA : when does this take effect
sangmachn : why does everyone freak out about these it changes very little if everyone keeps cool and the fund is doing well. the value of the shares and dividend essentially stay the same. it does limit the amount of shares and hypothetically the trade volume however this should mean little to the long term investor. someone please explain why everyone is disappointed by these reverse splits?
Ultratech : I'm not a fan of these income strategies. they seem to decay over time. from what I've been told my more knowledgeable investors in the US the monthly dividends fk you on taxes and moomoo holds 30% dividends on US users. better off simply buying shares of the real stock.