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T-Rex 2X Inverse MSTR Daily Target ETF To Carry Out 1-for-20 Reverse Stock Split On December 16th, 2024

Moomoo News ·  Dec 10 08:45

December 9th (Eastern Time) - $T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 16th, 2024.

$T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ.US)$ slipped 4.39% and closed at $0.9528 on December 6th with a turnover of $590.09 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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