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 Video: What is a Stock Split?
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| ProShares Ultra Health Care ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Health Caresm Index. The index measures the performance of the healthcare sector of the U.S. equity market. Component companies include, among others, health care providers, biotechnology companies, medical supplies, advanced medical devices and pharmaceuticals. As of May 31 2013, the Fund's total assets were $73,730,288 and the Fund's investment portfolio was valued at $64,575,493. According to our RXL split history records, ProShares Trust - ProShares Ultra Health Care has had 3 splits. | |
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ProShares Trust - ProShares Ultra Health Care (RXL) has 3 splits in our RXL split history database. The first split for RXL took place on June 10, 2013. This was a 2 for 1 split, meaning for each share of RXL 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. RXL's second split took place on May 20, 2015. This was a 2 for 1 split, meaning for each share of RXL 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. RXL's third split took place on January 21, 2021. This was a 2 for 1 split, meaning for each share of RXL owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as ProShares Trust - ProShares Ultra Health Care 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 RXL split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares Ultra Health Care shares, starting with a $10,000 purchase of RXL, presented on a split-history-adjusted basis factoring in the complete RXL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$27.47 |
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| End price/share: |
$114.81 |
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| Starting shares: |
364.03 |
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| Ending shares: |
376.07 |
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| Dividends reinvested/share: |
$1.95 |
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| Total return: |
331.77% |
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| Average Annual Total Return: |
15.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$43,192.77 |
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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: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$27.47 |
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| End price/share: |
$114.81 |
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| Dividends collected/share: |
$1.95 |
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| Total return: |
325.05% |
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| Average Annual Total Return: |
15.57% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$42,489.24 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/10/2013 | 2 for 1 | | 05/20/2015 | 2 for 1 | | 01/21/2021 | 2 for 1 |
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