 |
 Video: What is a Stock Split?
|
|
|
| ProShares UltraPro Russell2000 is an open-end management investment company. The Fund seeks daily investment results that correspond to three times (300%) the daily performance of Russell 2000 Index (the Index). The Index is a measure of small-cap United States stock market performance. It is a float-adjusted market capitalization weighted index containing approximately 2,000 of the smallest companies in the Russell 3000 Index or approximately 8% of the total market capitalization of the Russell 3000 Index. As of May 31 2013, the Fund's total assets and investment portfolio totaled $115,397,595 and $84,594,877, respectively. According to our URTY split history records, ProShares Trust - UltraPro Russell 2000 has had 3 splits. | |
|
ProShares Trust - UltraPro Russell 2000 (URTY) has 3 splits in our URTY split history database. The first split for URTY took place on February 25, 2011. This was a 2 for 1 split, meaning for each share of URTY 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. URTY's second split took place on June 10, 2013. This was a 2 for 1 split, meaning for each share of URTY 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. URTY's third split took place on July 17, 2017. This was a 2 for 1 split, meaning for each share of URTY 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.
When a company such as ProShares Trust - UltraPro Russell 2000 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 URTY split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - UltraPro Russell 2000 shares, starting with a $10,000 purchase of URTY, presented on a split-history-adjusted basis factoring in the complete URTY split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
12/02/2013 |
|
| End date: |
11/28/2023 |
|
| Start price/share: |
$40.70 |
|
| End price/share: |
$32.91 |
|
| Starting shares: |
245.70 |
|
| Ending shares: |
248.77 |
|
| Dividends reinvested/share: |
$0.59 |
|
| Total return: |
-18.13% |
|
| Average Annual Total Return: |
-1.98% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$8,188.32 |
|
| Years: |
9.99 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
12/02/2013 |
|
| End date: |
11/28/2023 |
|
| Start price/share: |
$40.70 |
|
| End price/share: |
$32.91 |
|
| Dividends collected/share: |
$0.59 |
|
| Total return: |
-17.70% |
|
| Average Annual Total Return: |
-1.93% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$8,230.16 |
|
| Years: |
9.99 |
|
|
|
| Date |
Ratio |
| 02/25/2011 | 2 for 1 | | 06/10/2013 | 2 for 1 | | 07/17/2017 | 2 for 1 |
|
|
Free URTY Email Alerts:
