|
Video: What is a Stock Split?
|
|
ProShares UltraShort MSCI Japan is an open-end management investment company. The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan Index (the Index). The Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in Japan. As of May 31 2013, the Fund's total assets and investment portfolio totaled $14,292,447 and $12,245,927, respectively. According to our EWV split history records, ProShares Trust - ProShares UltraShort MSCI Japan Jan 2014 has had 1 split. | |
|
ProShares Trust - ProShares UltraShort MSCI Japan Jan 2014 (EWV) has 1 split in our EWV split history database. The split for EWV took place on January 24, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of EWV 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.
When a company such as ProShares Trust - ProShares UltraShort MSCI Japan 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 EWV split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares UltraShort MSCI Japan Jan 2014 shares, starting with a $10,000 purchase of EWV, presented on a split-history-adjusted basis factoring in the complete EWV split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
11/07/2014 |
|
End date: |
11/05/2024 |
|
Start price/share: |
$63.17 |
|
End price/share: |
$10.24 |
|
Starting shares: |
158.30 |
|
Ending shares: |
168.14 |
|
Dividends reinvested/share: |
$0.78 |
|
Total return: |
-82.78% |
|
Average Annual Total Return: |
-16.13% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1,721.30 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
11/07/2014 |
|
End date: |
11/05/2024 |
|
Start price/share: |
$63.17 |
|
End price/share: |
$10.24 |
|
Dividends collected/share: |
$0.78 |
|
Total return: |
-82.55% |
|
Average Annual Total Return: |
-16.01% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1,746.10 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
01/24/2014 | 1 for 4 |
|
|