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Video: What is a Stock Split?
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ProShares UltraPro Short Financials is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Dow Jones U.S. Financials SM Index (the Index). The Index measures the performance of the financial services sector of the U.S. equity market. The Fund takes positions in derivatives that, in combination, should have similar daily return characteristics as three times the inverse of the daily return of the Index. As of May 31 2013, the Fund's total assets and investment portfolio totaled $2,615,716 and $2,612,393, respectively. According to our FINZ stock split history records, FINZ has had 2 splits. | |
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FINZ (FINZ) has 2 splits in our FINZ stock split history database. The first split for FINZ took place on June 10, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of FINZ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. FINZ's second split took place on January 12, 2017. This was a 1 for 2 reverse split, meaning for each 2 shares of FINZ owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 125 share position following the split.
When a company such as FINZ 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 FINZ stock split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FINZ shares, starting with a $10,000 purchase of FINZ, presented on a split-history-adjusted basis factoring in the complete FINZ stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2020 |
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Start price/share: |
$68.34 |
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End price/share: |
$6.12 |
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Starting shares: |
146.33 |
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Ending shares: |
148.45 |
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Dividends reinvested/share: |
$0.10 |
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Total return: |
-90.91% |
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Average Annual Total Return: |
-32.98% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$908.19 |
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Years: |
5.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2020 |
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Start price/share: |
$68.34 |
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End price/share: |
$6.12 |
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Dividends collected/share: |
$0.10 |
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Total return: |
-90.90% |
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Average Annual Total Return: |
-32.96% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$909.82 |
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Years: |
5.99 |
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Date |
Ratio |
06/10/2013 | 1 for 4 | 01/12/2017 | 1 for 2 |
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