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Video: What is a Stock Split?
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ETF Managers Group Commodity is a statutory trust. The Trust includes the following separate series: Sit Rising Rate ETF, which is the primary series of the Trust and is a commodity pool that issues common shares of beneficial interest that may be purchased and sold on the NYSE Arca, Inc. stock exchange (NYSE Arca); and Breakwave Dry Bulk Shipping ETF, which is also a commodity pool that issues shares of beneficial interest that may be purchased and sold on NYSE Arca. According to our BDRY split history records, Amplify Commodity Tr has had 1 split. | |
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Amplify Commodity Tr (BDRY) has 1 split in our BDRY split history database. The split for BDRY took place on July 19, 2001. This was a 1 for 100 reverse split, meaning for each 100 shares of BDRY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split.
When a company such as Amplify Commodity Tr 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.
Looking at the BDRY split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Amplify Commodity Tr shares, starting with a $10,000 purchase of BDRY, presented on a split-history-adjusted basis factoring in the complete BDRY split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/23/2018 |
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End date: |
04/18/2024 |
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Start price/share: |
$24.10 |
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End price/share: |
$13.43 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-44.28% |
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Average Annual Total Return: |
-9.17% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,574.06 |
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Years: |
6.08 |
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Date |
Ratio |
07/19/2001 | 1 for 100 |
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