Replies to post #1228 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[eric4x]

UVXY vs TVIX, Reverse Splits.*

UVXY has done two reverse splits. First it was 1 for 6, and then it was 1 for 10. So that is 1 for 60 since it started. SVXY did a normal split of 2 to 1, because the price was up around $150, so they lowered it to about $75.*

I don't know about XIV ever splitting, but TVIX has never done a reverse split, to my knowledge.*

The rumor is that the company wants it to be delisted and go pink. Otherwise, they would have boosted the price a long time ago. In March, they stopped creating new shares, because of some accounting problem. The TVIX shares were artificially held up with a premium, until they announced they would begin creating new shares again. Then the share price dropped about 60%, very suddenly. There were many people trying to sue. So, it is believed that they want to avoid the lawsuits by just letting it slowly die.*

Before a stock can reach "zero," it would have to go to 1 penny, then one-tenth of a penny, and I believe it can go to one-hundredth of a penny. I haven't studied penny stocks much, but isn't that how the numbers work?*