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AXS ASTORIA INFLATION SENSITIVE ETF To Carry Out 2-for-1 Stock Split On May 1st, 2024

Moomoo News ·  Apr 19 19:40

April 20th - $AXS ASTORIA INFLATION SENSITIVE ETF (PPI.US)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from May 1st, 2024.

$AXS ASTORIA INFLATION SENSITIVE ETF (PPI.US)$ slipped 0.23% and closed at $30.8916 on April 19th with a turnover of $153.97K.


What Is a Stock Split?

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.

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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