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iPath Series B S&P 500 VIX Short-Term Futures ETN To Carry Out 1-for-4 Reverse Stock Split On July 24th, 2024

Moomoo News ·  Jul 22 21:00

July 22nd (Eastern Time) - $iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX.US)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 24th, 2024.

$iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX.US)$ rose 4.25% and closed at $11.53 on July 19th with a turnover of $309.52 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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