Investors love stock splits. Occasionally you actually see stock splits occur in Exchange Traded Funds. These splits technically do not change the compositions or the price mechanisms, but they may drive liquidity as ETF prices get too high. ProShares is taking some of its leveraged and high-performing ETFa and splitting these as the prices have approached $200.00 and higher.
ProShares UltraPro S&P500 (NASDAQ: TQQQ), ProShares UltraPro Russell2000 (NASDAQ: URTY), and ProShares UltraPro MidCap400 (NYSE: UMDD) are all splitting 2 for 1 due to their share prices being so high. The ProShares UltraPro S&P500 (NASDAQ: UPRO) are close to $250.00, so this ETF is going to split 3 for 1.
All splits will apply to shareholders of record at the close of the markets on February 22, 2011, payable after the close of the markets on February 24, 2011. The funds will trade at their post-split prices on February 25, 2011.
What else is there to say?
JON C. OGG
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
