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 Video: What is a Stock Split?
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| ProShares UltraPro S&P500 is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500 Index (the Index). The Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors criteria such as liquidity, price, market capitalization and financial viability. As of May 31 2013, the Fund's total assets and investment portfolio totaled $367,259,046 and $327,032,645, respectively. According to our UPRO split history records, ProShares Trust - ProShares UltraPro S&P500 has had 5 splits. | |
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ProShares Trust - ProShares UltraPro S&P500 (UPRO) has 5 splits in our UPRO split history database. The first split for UPRO took place on February 25, 2011. This was a 3 for 1 split, meaning for each share of UPRO owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. UPRO's second split took place on June 10, 2013. This was a 2 for 1 split, meaning for each share of UPRO owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. UPRO's third split took place on May 20, 2015. This was a 2 for 1 split, meaning for each share of UPRO owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. UPRO's 4th split took place on May 24, 2018. This was a 3 for 1 split, meaning for each share of UPRO owned pre-split, the shareholder now owned 3 shares. For example, a 12000 share position pre-split, became a 36000 share position following the split. UPRO's 5th split took place on January 13, 2022. This was a 2 for 1 split, meaning for each share of UPRO owned pre-split, the shareholder now owned 2 shares. For example, a 36000 share position pre-split, became a 72000 share position following the split.
When a company such as ProShares Trust - ProShares UltraPro S&P500 splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the UPRO split history from start to finish, an original position size of 1000 shares would have turned into 72000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares UltraPro S&P500 shares, starting with a $10,000 purchase of UPRO, presented on a split-history-adjusted basis factoring in the complete UPRO split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$8.40 |
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| End price/share: |
$59.16 |
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| Starting shares: |
1,190.48 |
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| Ending shares: |
1,234.32 |
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| Dividends reinvested/share: |
$1.08 |
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| Total return: |
630.22% |
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| Average Annual Total Return: |
22.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$73,046.31 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$8.40 |
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| End price/share: |
$59.16 |
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| Dividends collected/share: |
$1.08 |
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| Total return: |
617.16% |
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| Average Annual Total Return: |
21.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$71,739.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/25/2011 | 3 for 1 | | 06/10/2013 | 2 for 1 | | 05/20/2015 | 2 for 1 | | 05/24/2018 | 3 for 1 | | 01/13/2022 | 2 for 1 |
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