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Proshares Trust Ultrashort Semiconductors New 2020(R/S) To Carry Out 1-for-5 Reverse Stock Split On April 10th, 2024

Moomoo News ·  Mar 22, 2024 07:40

March 22nd - $Proshares Trust Ultrashort Semiconductors New 2020(R/S) (SSG.US)$ 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 10th, 2024.

$Proshares Trust Ultrashort Semiconductors New 2020(R/S) (SSG.US)$ slipped 4.02% and closed at $2.39 on March 21st with a turnover of $692.6K.


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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