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ProShares UltraShort Financials is an open-end management investment company. The Fund seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial services industry of the United States equity market. The Fund takes positions in securities and financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index. As of May 31 2013, the Fund's total assets and investment portfolio totaled $135,512,107 and $132,156,014, respectively. According to our SKF split history records, ProShares Trust - UltraShort Financials has had 4 splits.
SKF split history picture
ProShares Trust - UltraShort Financials (SKF) has 4 splits in our SKF split history database. The first split for SKF took place on February 25, 2011. This was a 1 for 4 reverse split, meaning for each 4 shares of SKF 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. SKF's second split took place on November 06, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of SKF 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. SKF's third split took place on January 21, 2021. This was a 1 for 2 reverse split, meaning for each 2 shares of SKF owned pre-split, the shareholder now owned 1 share. For example, a 62.5 share position pre-split, became a 31.25 share position following the split. SKF's 4th split took place on January 13, 2022. This was a 1 for 2 reverse split, meaning for each 2 shares of SKF owned pre-split, the shareholder now owned 1 share. For example, a 31.25 share position pre-split, became a 15.625 share position following the split.

When a company such as ProShares Trust - UltraShort Financials 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 SKF split history from start to finish, an original position size of 1000 shares would have turned into 15.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - UltraShort Financials shares, starting with a $10,000 purchase of SKF, presented on a split-history-adjusted basis factoring in the complete SKF split history. SKF split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/18/2014
End date: 06/14/2024
Start price/share: $247.52
End price/share: $12.99
Starting shares: 40.40
Ending shares: 42.72
Dividends reinvested/share: $1.51
Total return: -94.45%
Average Annual Total Return: -25.12%
Starting investment: $10,000.00
Ending investment: $554.63
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/18/2014
End date: 06/14/2024
Start price/share: $247.52
End price/share: $12.99
Dividends collected/share: $1.51
Total return: -94.14%
Average Annual Total Return: -24.71%
Starting investment: $10,000.00
Ending investment: $585.75
Years: 10.00
Date Ratio
02/25/20111 for 4
11/06/20141 for 4
01/21/20211 for 2
01/13/20221 for 2
SKF is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

SKK Split History
SKT Split History
SLG Split History
SLM Split History
SLV Split History
SLY Split History
SLYG Split History
SLYV Split History
SMB Split History
SMBC Split History

Also explore: SKF shares outstanding history

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