Savvy Trades and Investments

[novicetrader]

APPX/APP- Pleasant surprise to wake up to a 1-for-3 FORWARD split on APPX,always thought the risk/fear of these 2X ETFs was a REVERSE split. Am I wrong in thinking this is a positive for the ETF price as I now have 3 times the number of shares,at a price which is likely to bring in more traders. Closing price yesterday $87.24,present price $29.47. I've got to be missing something maybe?