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 Video: What is a Stock Split?
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| ProShares Ultra 7-10 Year Treasury 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 Barclays U.S. 7-10 Year Treasury Bond Index. The index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in U.S. dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding. As of May 31 2013, the Fund's total assets were $1,257,579,996 and the Fund's investment portfolio was valued at $1,174,051,575. According to our UST split history records, ProShares Trust- ProShares Ultra 7-10 Year Treasury has had 3 splits. | |
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ProShares Trust- ProShares Ultra 7-10 Year Treasury (UST) has 3 splits in our UST split history database. The first split for UST took place on January 30, 1989. This was a 2 for 1
split, meaning for each share of UST 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. UST's second split took place on January 28, 1992. This was a 2 for 1
split, meaning for each share of UST 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. UST's third split took place on May 11, 2012. This was a 2 for 1 split, meaning for each share of UST 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- ProShares Ultra 7-10 Year Treasury 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 UST 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- ProShares Ultra 7-10 Year Treasury shares, starting with a $10,000 purchase of UST, presented on a split-history-adjusted basis factoring in the complete UST split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/01/2013 |
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| End date: |
09/27/2023 |
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| Start price/share: |
$51.74 |
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| End price/share: |
$41.00 |
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| Starting shares: |
193.27 |
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| Ending shares: |
222.59 |
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| Dividends reinvested/share: |
$7.68 |
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| Total return: |
-8.74% |
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| Average Annual Total Return: |
-0.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,126.83 |
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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: |
10/01/2013 |
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| End date: |
09/27/2023 |
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| Start price/share: |
$51.74 |
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| End price/share: |
$41.00 |
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| Dividends collected/share: |
$7.68 |
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| Total return: |
-5.92% |
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| Average Annual Total Return: |
-0.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,406.79 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/30/1989 | 2 for 1
| | 01/28/1992 | 2 for 1
| | 05/11/2012 | 2 for 1 |
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