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Video: What is a Stock Split?
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ProShares Ultra Tech ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Technologysm Index. The index measures the performance of the technology sector of the U.S. equity market. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. As of May 31 2013, the Fund's total assets were $123,998,731 and the Fund's investment portfolio was valued at $116,767,892. According to our ROM split history records, ProShares Trust - ProShares Ultra Technology has had 4 splits. | |
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ProShares Trust - ProShares Ultra Technology (ROM) has 4 splits in our ROM split history database. The first split for ROM took place on May 20, 2015. This was a 2 for 1 split, meaning for each share of ROM owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ROM's second split took place on July 17, 2017. This was a 2 for 1 split, meaning for each share of ROM owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. ROM's third split took place on August 18, 2020. This was a 4 for 1 split, meaning for each share of ROM owned pre-split, the shareholder now owned 4 shares. For example, a 4000 share position pre-split, became a 16000 share position following the split. ROM's 4th split took place on January 13, 2022. This was a 2 for 1 split, meaning for each share of ROM owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split.
When a company such as ProShares Trust - ProShares Ultra Technology 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 ROM split history from start to finish, an original position size of 1000 shares would have turned into 32000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares Ultra Technology shares, starting with a $10,000 purchase of ROM, presented on a split-history-adjusted basis factoring in the complete ROM split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$3.58 |
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End price/share: |
$55.44 |
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Starting shares: |
2,793.30 |
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Ending shares: |
2,829.12 |
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Dividends reinvested/share: |
$0.13 |
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Total return: |
1,468.47% |
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Average Annual Total Return: |
31.69% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$156,865.69 |
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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: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$3.58 |
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End price/share: |
$55.44 |
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Dividends collected/share: |
$0.13 |
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Total return: |
1,452.21% |
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Average Annual Total Return: |
31.55% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$155,206.01 |
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Years: |
10.00 |
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Date |
Ratio |
05/20/2015 | 2 for 1 | 07/17/2017 | 2 for 1 | 08/18/2020 | 4 for 1 | 01/13/2022 | 2 for 1 |
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