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 Video: What is a Stock Split?
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| ProShares Trust II is a Delaware statutory trust. Co. is organized into separate series (each, a Fund and collectively, the Funds). ProShare Capital Management LLC, serves as Co.'s Sponsor, commodity pool operator and commodity trading advisor. Each of the Funds generally invests or will invest in Financial Instruments (instruments whose value is derived from the value of an underlying asset, rate or index, including futures contracts, swap agreements, forward contracts and other instruments) as a substitute for investing directly in commodities, currencies or spot volatility products. According to our UVXY split history records, ProShares Trust Ultra Vix Short Term Futures Etf has had 12 splits. | |
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ProShares Trust Ultra Vix Short Term Futures Etf (UVXY) has 12 splits in our UVXY split history database. The first split for UVXY took place on March 08, 2012. This was a 1 for 6 reverse split, meaning for each 6 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. UVXY's second split took place on September 07, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 16.6666666666667 share position following the split. UVXY's third split took place on June 10, 2013. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 16.6666666666667 share position pre-split, became a 1.66666666666667 share position following the split. UVXY's 4th split took place on January 24, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1.66666666666667 share position pre-split, became a 0.416666666666667 share position following the split. UVXY's 5th split took place on May 20, 2015. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.416666666666667 share position pre-split, became a 0.0833333333333334 share position following the split. UVXY's 6th split took place on July 25, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.0833333333333334 share position pre-split, became a 0.0166666666666667 share position following the split. UVXY's 7th split took place on January 12, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.0166666666666667 share position pre-split, became a 0.00333333333333333 share position following the split. UVXY's 8th split took place on July 17, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.00333333333333333 share position pre-split, became a 0.000833333333333334 share position following the split. UVXY's 9th split took place on September 18, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.000833333333333334 share position pre-split, became a 0.000166666666666667 share position following the split. UVXY's 10th split took place on May 26, 2021. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 0.000166666666666667 share position pre-split, became a 1.66666666666667e-05 share position following the split. UVXY's 11th split took place on June 23, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1.66666666666667e-05 share position pre-split, became a 1.66666666666667e-06 share position following the split. UVXY's 12th split took place on April 11, 2024. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1.66666666666667e-06 share position pre-split, became a 3.33333333333334e-07 share position following the split.
When a company such as ProShares Trust Ultra Vix Short Term Futures Etf conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the UVXY split history from start to finish, an original position size of 1000 shares would have turned into 3.33333333333334e-07 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust Ultra Vix Short Term Futures Etf shares, starting with a $10,000 purchase of UVXY, presented on a split-history-adjusted basis factoring in the complete UVXY split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$31,350,000.00 |
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| End price/share: |
$18.03 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-100.00% |
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| Average Annual Total Return: |
-76.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$0.01 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/08/2012 | 1 for 6 | | 09/07/2012 | 1 for 10 | | 06/10/2013 | 1 for 10 | | 01/24/2014 | 1 for 4 | | 05/20/2015 | 1 for 5 | | 07/25/2016 | 1 for 5 | | 01/12/2017 | 1 for 5 | | 07/17/2017 | 1 for 4 | | 09/18/2018 | 1 for 5 | | 05/26/2021 | 1 for 10 | | 06/23/2023 | 1 for 10 | | 04/11/2024 | 1 for 5 |
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