 |
 Video: What is a Stock Split?
|
|
|
| ProShares Ultra Consumer Goods 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. Consumer GoodsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of consumer spending in the goods sector of the U.S. equity market. As of May 31 2013, the Fund's total assets were $19,572,790 and the Fund's investment portfolio was valued at $17,070,427. According to our UGE split history records, ProShares Trust - Ultra Consumer Staples has had 3 splits. | |
|
ProShares Trust - Ultra Consumer Staples (UGE) has 3 splits in our UGE split history database. The first split for UGE took place on June 10, 2013. This was a 2 for 1 split, meaning for each share of UGE 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. UGE's second split took place on July 25, 2016. This was a 3 for 1 split, meaning for each share of UGE owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. UGE's third split took place on January 13, 2022. This was a 4 for 1 split, meaning for each share of UGE owned pre-split, the shareholder now owned 4 shares. For example, a 6000 share position pre-split, became a 24000 share position following the split.
When a company such as ProShares Trust - Ultra Consumer Staples 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 UGE split history from start to finish, an original position size of 1000 shares would have turned into 24000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - Ultra Consumer Staples shares, starting with a $10,000 purchase of UGE, presented on a split-history-adjusted basis factoring in the complete UGE split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
03/27/2013 |
|
| End date: |
03/24/2023 |
|
| Start price/share: |
$5.05 |
|
| End price/share: |
$16.60 |
|
| Starting shares: |
1,980.20 |
|
| Ending shares: |
2,126.98 |
|
| Dividends reinvested/share: |
$0.80 |
|
| Total return: |
253.08% |
|
| Average Annual Total Return: |
13.45% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$35,309.77 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
03/27/2013 |
|
| End date: |
03/24/2023 |
|
| Start price/share: |
$5.05 |
|
| End price/share: |
$16.60 |
|
| Dividends collected/share: |
$0.80 |
|
| Total return: |
244.53% |
|
| Average Annual Total Return: |
13.17% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$34,448.15 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 06/10/2013 | 2 for 1 | | 07/25/2016 | 3 for 1 | | 01/13/2022 | 4 for 1 |
|
|
Free UGE Email Alerts:
