 |
 Video: What is a Stock Split?
|
|
|
| AccuShares Trust I is a statutory trust organized into eight separate series. The Trust may sell shares of beneficial interest of the series of the Trust (the Fund). The shares of the Fund represent a beneficial interest in and ownership of the assets of the Fund only. The Trust may provide shares of additional fund series. The term of the Trust and the Fund is perpetual unless terminated earlier by the Trust's sponsor, AccuShares Investment Management, LLC. The shares of the Fund are designed for investors who want a targeted and transparent exposure to measures of expected price volatility of a broad-based equity index as represented by the Fund's CBOE Volatility Index. According to our VXUP split history records, VXUP has had 4 splits. | |
|
VXUP (VXUP) has 4 splits in our VXUP split history database. The first split for VXUP took place on June 23, 2016. This was a 1 for 3 reverse split, meaning for each 3 shares of VXUP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. VXUP's second split took place on August 15, 2016. This was a 1 for 3 reverse split, meaning for each 3 shares of VXUP owned pre-split, the shareholder now owned 1 share. For example, a 333.333333333333 share position pre-split, became a 111.111111111111 share position following the split. VXUP's third split took place on September 25, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of VXUP owned pre-split, the shareholder now owned 1 share. For example, a 111.111111111111 share position pre-split, became a 11.1111111111111 share position following the split. VXUP's 4th split took place on October 23, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of VXUP owned pre-split, the shareholder now owned 1 share. For example, a 11.1111111111111 share position pre-split, became a 1.11111111111111 share position following the split.
When a company such as VXUP 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 VXUP split history from start to finish, an original position size of 1000 shares would have turned into 1.11111111111111 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VXUP shares, starting with a $10,000 purchase of VXUP, presented on a split-history-adjusted basis factoring in the complete VXUP split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
05/20/2015 |
|
| End date: |
09/08/2016 |
|
| Start price/share: |
$25,659.00 |
|
| End price/share: |
$4.28 |
|
| Starting shares: |
0.39 |
|
| Ending shares: |
0.64 |
|
| Dividends reinvested/share: |
$7,519.36 |
|
| Total return: |
-99.97% |
|
| Average Annual Total Return: |
-99.81% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$2.78 |
|
| Years: |
1.31 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
05/20/2015 |
|
| End date: |
09/08/2016 |
|
| Start price/share: |
$25,659.00 |
|
| End price/share: |
$4.28 |
|
| Dividends collected/share: |
$7,519.36 |
|
| Total return: |
-70.68% |
|
| Average Annual Total Return: |
-60.89% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$2,932.12 |
|
| Years: |
1.31 |
|
|
|
| Date |
Ratio |
| 06/23/2016 | 1 for 3 | | 08/15/2016 | 1 for 3 | | 09/25/2015 | 1 for 10 | | 10/23/2015 | 1 for 10 |
|
|
Free VXUP Email Alerts:
