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 Video: What is a Stock Split?
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| ProShares Ultra Semiconductors ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Semiconductorssm Index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. Component companies are engaged in the production of semiconductors and other integrated chips, as well as other related products such as semi-conductor capital equipment and mother-boards. As of May 31 2013, the Fund's total assets were $34,977,352 and the Fund's investment portfolio was valued at $29,879,077. According to our USD split history records, ProShares Trust - Ultra Semiconductors has had 3 splits. | |
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ProShares Trust - Ultra Semiconductors (USD) has 3 splits in our USD split history database. The first split for USD took place on January 12, 2017. This was a 2 for 1 split, meaning for each share of USD 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. USD's second split took place on May 24, 2018. This was a 3 for 1 split, meaning for each share of USD 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. USD's third split took place on May 25, 2021. This was a 4 for 1 split, meaning for each share of USD 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 Semiconductors 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 USD 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 Semiconductors shares, starting with a $10,000 purchase of USD, presented on a split-history-adjusted basis factoring in the complete USD split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
11/29/2023 |
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| Start price/share: |
$2.00 |
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| End price/share: |
$45.77 |
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| Starting shares: |
5,000.00 |
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| Ending shares: |
5,237.41 |
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| Dividends reinvested/share: |
$0.37 |
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| Total return: |
2,297.16% |
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| Average Annual Total Return: |
37.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$239,741.38 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
11/29/2023 |
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| Start price/share: |
$2.00 |
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| End price/share: |
$45.77 |
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| Dividends collected/share: |
$0.37 |
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| Total return: |
2,206.98% |
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| Average Annual Total Return: |
36.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$230,658.78 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/12/2017 | 2 for 1 | | 05/24/2018 | 3 for 1 | | 05/25/2021 | 4 for 1 |
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