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 Video: What is a Stock Split?
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| ProShares UltraShort Europe is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE Developed Europe Index (the Index). The Index is a free float-adjusted market capitalization-weighted Index that is designed to measure the equity market performance of the developed markets in Europe. The Index is comprised of large- and mid-cap stocks and targets the performance of approximately 500 large- and mid-cap companies. As of May 31 2013, the Fund's total assets and investment portfolio totaled $106,005,736 and $87,342,486, respectively. According to our EPV split history records, ProShares Trust - ProShares UltraPro Short S&P500 Jan 2014 has had 2 splits. | |
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ProShares Trust - ProShares UltraPro Short S&P500 Jan 2014 (EPV) has 2 splits in our EPV split history database. The first split for EPV took place on February 25, 2011. This was a 1 for 4 reverse split, meaning for each 4 shares of EPV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. EPV's second split took place on January 24, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of EPV owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split.
When a company such as ProShares Trust - ProShares UltraPro Short S&P500 Jan 2014 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 EPV split history from start to finish, an original position size of 1000 shares would have turned into 62.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares UltraPro Short S&P500 Jan 2014 shares, starting with a $10,000 purchase of EPV, presented on a split-history-adjusted basis factoring in the complete EPV split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$72.84 |
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| End price/share: |
$11.52 |
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| Starting shares: |
137.29 |
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| Ending shares: |
141.68 |
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| Dividends reinvested/share: |
$0.59 |
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| Total return: |
-83.68% |
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| Average Annual Total Return: |
-16.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,631.60 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$72.84 |
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| End price/share: |
$11.52 |
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| Dividends collected/share: |
$0.59 |
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| Total return: |
-83.38% |
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| Average Annual Total Return: |
-16.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,663.15 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 02/25/2011 | 1 for 4 | | 01/24/2014 | 1 for 4 |
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