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Tradr 2X Short Innovation Daily ETF To Carry Out 1-for-3 Reverse Stock Split On November 27th, 2024

Moomoo News ·  Nov 21 08:40

November 20th (Eastern Time) - $Tradr 2X Short Innovation Daily ETF (SARK.US)$ is about to implement a 1-for-3 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 27th, 2024.

$Tradr 2X Short Innovation Daily ETF (SARK.US)$ slipped 2.82% and closed at $17.55 on November 19th with a turnover of $8.7 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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