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

Moomoo News ·  Oct 30, 2024 07:35

October 29th (Eastern Time) - $ProShares UltraShort MSCI Japan (EWV.US)$ 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.

$ProShares UltraShort MSCI Japan (EWV.US)$ slipped 1.66% and closed at $10.68 on October 28th with a turnover of $327.23K.


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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