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 Video: What is a Stock Split?
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| ProShares Ultra Utilities 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. Utilitiessm Index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. As of May 31 2013, the Fund's total assets were $15,107,248 and the Fund's investment portfolio was valued at $13,291,530. According to our UPW split history records, ProShares Trust - ProShares Ultra Utilities has had 1 split. | |
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ProShares Trust - ProShares Ultra Utilities (UPW) has 1 split in our UPW split history database. The split for UPW took place on July 25, 2016. This was a 3 for 1 split, meaning for each share of UPW owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as ProShares Trust - ProShares Ultra Utilities 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 UPW split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares Ultra Utilities shares, starting with a $10,000 purchase of UPW, presented on a split-history-adjusted basis factoring in the complete UPW split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$29.34 |
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| End price/share: |
$56.66 |
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| Starting shares: |
340.83 |
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| Ending shares: |
401.48 |
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| Dividends reinvested/share: |
$7.72 |
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| Total return: |
127.48% |
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| Average Annual Total Return: |
8.57% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,756.13 |
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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: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$29.34 |
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| End price/share: |
$56.66 |
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| Dividends collected/share: |
$7.72 |
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| Total return: |
119.44% |
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| Average Annual Total Return: |
8.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,951.78 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/25/2016 | 3 for 1 |
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