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Video: What is a Stock Split?
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Trina Solar is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network covering Europe, Asia, North America, Australia and Africa. Co. has integrated the manufacturing of ingots, wafers and solar cells for use in its PV module production. Co.'s PV modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. Co. also develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules Co. manufacture. Co. has two reportable operating segments: manufacturing and solar power projects. According to our TSL split history records, Graniteshares 1.25X Long Tsla Daily Etf has had 1 split. | |
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Graniteshares 1.25X Long Tsla Daily Etf (TSL) has 1 split in our TSL split history database. The split for TSL took place on January 20, 2010. This was a 2 for 1 split, meaning for each share of TSL 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.
When a company such as Graniteshares 1.25X Long Tsla Daily Etf 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 TSL split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Graniteshares 1.25X Long Tsla Daily Etf shares, starting with a $10,000 purchase of TSL, presented on a split-history-adjusted basis factoring in the complete TSL split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
08/09/2022 |
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End date: |
03/28/2024 |
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Start price/share: |
$24.33 |
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End price/share: |
$6.94 |
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Starting shares: |
411.08 |
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Ending shares: |
643.79 |
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Dividends reinvested/share: |
$6.66 |
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Total return: |
-55.32% |
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Average Annual Total Return: |
-38.90% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,467.30 |
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Years: |
1.64 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/09/2022 |
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End date: |
03/28/2024 |
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Start price/share: |
$24.33 |
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End price/share: |
$6.94 |
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Dividends collected/share: |
$6.66 |
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Total return: |
-44.11% |
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Average Annual Total Return: |
-29.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,589.20 |
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Years: |
1.64 |
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Date |
Ratio |
01/20/2010 | 2 for 1 |
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