Replies to post #13186 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Talc Moan]

I think all time lows was sub $5.00 maybe lower but with it this low now during such strange times. Rising credit card debt. Less cash for many Americans and Delinquencies quietly rising quickly plus the Pandemic. I think UVXY has another big move in it before a RS. Time will tell but the Stock Market Euphoria is going to come to an end at some point. Before or after a RS is a I dunno lol

[Talc Moan]

ProShares Trust Ultra Vix Short Term Futures Etf (UVXY) has 9 splits in our UVXY split history database. The first split for UVXY took place on March 08, 2012. This was a 1 for 6 reverse split, meaning for each 6 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. UVXY's second split took place on September 07, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 16.6666666666667 share position following the split. UVXY's third split took place on June 10, 2013. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 16.6666666666667 share position pre-split, became a 1.66666666666667 share position following the split. UVXY's 4th split took place on January 24, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1.66666666666667 share position pre-split, became a 0.416666666666667 share position following the split. UVXY's 5th split took place on May 20, 2015. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.416666666666667 share position pre-split, became a 0.0833333333333334 share position following the split. UVXY's 6th split took place on July 25, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.0833333333333334 share position pre-split, became a 0.0166666666666667 share position following the split. UVXY's 7th split took place on January 12, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.0166666666666667 share position pre-split, became a 0.00333333333333333 share position following the split. UVXY's 8th split took place on July 17, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.00333333333333333 share position pre-split, became a 0.000833333333333334 share position following the split. UVXY's 9th split took place on September 18, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.000833333333333334 share position pre-split, became a 0.000166666666666667 share position following the split.
When a company such as ProShares Trust Ultra Vix Short Term Futures Etf conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.