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 Video: What is a Stock Split?
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| ProShares UltraShort Basic Materials 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. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. As of May 31 2013, the Fund's total assets and investment portfolio totaled $42,227,405 and $42,226,838, respectively. According to our TQQQ split history records, NA has had 7 splits. | |
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NA (TQQQ) has 7 splits in our TQQQ split history database. The first split for TQQQ took place on February 25, 2011. This was a 2 for 1 split, meaning for each share of TQQQ 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. TQQQ's second split took place on May 11, 2012. This was a 2 for 1 split, meaning for each share of TQQQ 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. TQQQ's third split took place on January 24, 2014. This was a 2 for 1 split, meaning for each share of TQQQ 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. TQQQ's 4th split took place on January 12, 2017. This was a 2 for 1 split, meaning for each share of TQQQ owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. TQQQ's 5th split took place on May 24, 2018. This was a 3 for 1 split, meaning for each share of TQQQ owned pre-split, the shareholder now owned 3 shares. For example, a 16000 share position pre-split, became a 48000 share position following the split. TQQQ's 6th split took place on January 21, 2021. This was a 2 for 1 split, meaning for each share of TQQQ owned pre-split, the shareholder now owned 2 shares. For example, a 48000 share position pre-split, became a 96000 share position following the split. TQQQ's 7th split took place on January 13, 2022. This was a 2 for 1 split, meaning for each share of TQQQ owned pre-split, the shareholder now owned 2 shares. For example, a 96000 share position pre-split, became a 192000 share position following the split.
When a company such as NA 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 TQQQ split history from start to finish, an original position size of 1000 shares would have turned into 192000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NA shares, starting with a $10,000 purchase of TQQQ, presented on a split-history-adjusted basis factoring in the complete TQQQ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
04/29/2025 |
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| Start price/share: |
$4.70 |
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| End price/share: |
$54.87 |
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| Starting shares: |
2,127.66 |
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| Ending shares: |
2,218.61 |
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| Dividends reinvested/share: |
$1.96 |
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| Total return: |
1,117.35% |
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| Average Annual Total Return: |
28.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$121,694.50 |
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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: |
05/01/2015 |
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| End date: |
04/29/2025 |
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| Start price/share: |
$4.70 |
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| End price/share: |
$54.87 |
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| Dividends collected/share: |
$1.96 |
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| Total return: |
1,109.19% |
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| Average Annual Total Return: |
28.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$120,938.08 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/25/2011 | 2 for 1 | | 05/11/2012 | 2 for 1 | | 01/24/2014 | 2 for 1 | | 01/12/2017 | 2 for 1 | | 05/24/2018 | 3 for 1 | | 01/21/2021 | 2 for 1 | | 01/13/2022 | 2 for 1 |
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