share_log

Proshares Ultrashort Msci Eafe To Carry Out 1-for-2 Reverse Stock Split On November 7th, 2024

Moomoo News ·  Oct 29 18:35

October 29th (Eastern Time) - $Proshares Ultrashort Msci Eafe (EFU.US)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 7th, 2024.

$Proshares Ultrashort Msci Eafe (EFU.US)$ slipped 1.48% and closed at $7.33 on October 28th with a turnover of $57,968.


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
    Write a comment