Replies to post #32105 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[tmorr55]

Read this link...


https://sixfigureinvesting.com/2013/08/tvix-reverse-split/

[pnew122]

In simple terms

Institutions in some instances are not allowed to buy when PPS is below $5.00 per share. Once these shares become $50.00 a share, there is a "chance" they can & will buy in, but no guarantee.

You will definitely see a huge decrease in the # of shares traded since they will become more expensive. And the reverse is true. Cheaper the shares the more volume.

Here is a good explanation of why splits happen.

https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp