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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 ProShares Ultra Bloomberg Natural Gas stock split history records, ProShares Ultra Bloomberg Natural Gas has had 6 splits. | |
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ProShares Ultra Bloomberg Natural Gas (BOIL) has 6 splits in our ProShares Ultra Bloomberg Natural Gas stock split history database. The first split for BOIL took place on May 11, 2012. This was a 1 for 5 reverse split, meaning for each 5 shares of BOIL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. BOIL's second split took place on May 20, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of BOIL owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 50 share position following the split. BOIL's third split took place on March 20, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of BOIL owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 10 share position following the split. BOIL's 4th split took place on April 21, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of BOIL owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 1 share position following the split. BOIL's 5th split took place on June 23, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of BOIL owned pre-split, the shareholder now owned 1 share. For example, a 1 share position pre-split, became a 0.05 share position following the split. BOIL's 6th split took place on November 07, 2024. This was a 1 for 5 reverse split, meaning for each 5 shares of BOIL owned pre-split, the shareholder now owned 1 share. For example, a 0.05 share position pre-split, became a 0.01 share position following the split.
When a company such as ProShares Ultra Bloomberg Natural Gas 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 ProShares Ultra Bloomberg Natural Gas stock split history from start to finish, an original position size of 1000 shares would have turned into 0.01 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Ultra Bloomberg Natural Gas shares, starting with a $10,000 purchase of BOIL, presented on a split-history-adjusted basis factoring in the complete ProShares Ultra Bloomberg Natural Gas stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/25/2015 |
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| End date: |
03/21/2025 |
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| Start price/share: |
$248,400.00 |
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| End price/share: |
$80.21 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.97% |
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| Average Annual Total Return: |
-55.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3.23 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/11/2012 | 1 for 5 | | 05/20/2015 | 1 for 4 | | 03/20/2018 | 1 for 5 | | 04/21/2020 | 1 for 10 | | 06/23/2023 | 1 for 20 | | 11/07/2024 | 1 for 5 |
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