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ProShares UltraShort Real Estate To Carry Out 1-for-4 Reverse Stock Split On November 7th, 2024

Moomoo News ·  Oct 29 19:35

October 29th (Eastern Time) - $ProShares UltraShort Real Estate (SRS.US)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 7th, 2024.

$ProShares UltraShort Real Estate (SRS.US)$ slipped 0.7% and closed at $11.36 on October 28th with a turnover of $1.18 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.

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