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ZSL had a 1-4 reverse split (every 4 shares became one share, which multiplied the close price by 4, to $ 31.83). Because of these two actions, one share of ZSL as of
February 26, 2011 represents 40 shares of ZSL before April 15, 2010. These splits were necessary to maintain the share price of the fund, whose value fell 90.2% from April 15, 2010 to April 21, 2011, and over 98% since December 3, 2008. Had the reverse splits not taken place, ZSL's closing price on April 21, 2011 would have been $ 0.3685, rather than $ 14.74, or .3685*40.
25:
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From time to time, companies will issue a reverse split concurrently with a forward split, making a reverse/forward split. Note that in reverse/forward splits, the shareholder's old shares are erased, as they receive a number of new shares in proportion to their original holdings. By contrast, in a
658:
A reverse stock split may be used to reduce the number of shareholders. If a company completes a reverse split in which 1 new share is issued for every 100 old shares, any investor holding fewer than 100 shares would simply receive a cash payment. If the number of shareholders drops, the company may
678:
As an example of how reverse splits work, ProShares
Ultrashort Silver (ZSL) underwent a 1-10 reverse split on April 15, 2010, which grouped every 10 shares into one share; accordingly, this multiplied the close price by 10, so the stock finished at $ 36.45 instead of $ 3.645. On February 25, 2011,
675:, the original shares remain on the exchange as shareholders receive additional shares based on their existing holdings. In both stock splits and reverse splits, the share price is adjusted in proportion to the increase in shares to maintain equal value.
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in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A
643:
attached to doing a reverse stock split, as it underscores the fact that shares have declined in value, so it is not common and may take a shareholder or board meeting for consent. Many
632:
Typically, the exchange temporarily adds a "D" to the end of a ticker symbol during a reverse stock split. Sometimes a company may concurrently change its name. This is known as a
651:, for example, have rules against purchasing a stock whose price is below some minimum, for example US$ 5, the boundary price below which the SEC considers a stock to be a
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is a process by which shares of corporate stock are effectively merged to form a smaller number of proportionally more valuable shares.
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777:"ProShares UltraShort Silver, ZSL Historical Quote - (NAR) ZSL, ProShares UltraShort Silver Stock Price - BigCharts.com"
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category and may be governed by different law—for example, in the U.S., whether a company is regulated by the
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Quotes, dates and split dates for ZSL come from
Fidelity as accessed via their Active Trader Pro console
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47:
655:. A common reason for a reverse stock split is to satisfy a stock exchange's minimum share price.
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The "reverse stock split" appellation is a reference to the more common
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deal primarily with the United States and do not represent a
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Stock split and reverse split examples for shareholders
718:Reverse splits aren't always reversals of fortune
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667:depends in part on the number of shareholders.
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32:The examples and perspective in this article
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70:Learn how and when to remove this message
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629:is the opposite of a stock split.
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1086:Electronic communication network
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700:"SEC.gov - Reverse Stock Splits"
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340:Over-the-counter (off-exchange)
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1:
1080:Multilateral trading facility
750:"Reverse/Forward Stock Split"
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634:name change and consolidation
566:Sustainable development goals
1503:Returns-based style analysis
1299:Post-modern portfolio theory
1205:Security characteristic line
7:
1257:Efficient-market hypothesis
1161:Capital asset pricing model
1098:Straight-through processing
720:CNET News, 16 November 2000
659:be placed into a different
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1074:Alternative Trading System
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1417:Initial public offering
1278:Modern portfolio theory
1173:Dividend discount model
1056:List of stock exchanges
645:institutional investors
1305:Random walk hypothesis
414:Alternative investment
1443:Market capitalization
1252:Dollar cost averaging
546:Investment management
459:Environmental finance
1263:Fundamental analysis
1247:Contrarian investing
1210:Security market line
1115:Liquidity aggregator
1092:Direct market access
1003:Quantitative analyst
52:create a new article
44:improve this article
1508:Reverse stock split
1453:Market manipulation
1377:Dual-listed company
1237:Algorithmic trading
1167:Capital market line
969:Inter-dealer broker
716:Kawamoto D (2000),
611:reverse stock split
571:Sustainable finance
85:Part of a series on
1548:Stock market index
1387:Efficient frontier
1326:Technical analysis
1284:Momentum investing
1106:(private exchange)
996:Proprietary trader
938:Shares outstanding
928:Authorised capital
706:. 3 November 2000.
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326:Structured product
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1458:Market trend
1448:Market depth
1268:Growth stock
1242:Buy and hold
1151:(Cap-to-GDP)
991:Floor trader
981:Market maker
964:Floor broker
952:Participants
895:Golden share
890:Common stock
866:Third market
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531:Greenwashing
388:Participants
193:Growth stock
188:Common stock
179:Stock market
149:Fixed income
117:
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33:
1573:Uptick rule
1553:Stock split
1533:Squeeze-out
1528:Speculation
1473:Open outcry
1362:Block trade
1294:Pairs trade
673:stock split
653:penny stock
639:There is a
622:stock split
551:Market risk
364:Spot market
321:Reinsurance
316:Real estate
306:Mutual fund
243:Derivatives
213:Stockbroker
130:Bond market
1578:Volatility
1558:Stock swap
1478:Order book
1229:strategies
1155:Book value
1023:Arbitrager
1018:Speculator
800:(from the
735:google.com
683:References
661:regulatory
393:Regulation
121:Securities
1194:Fed model
1189:EV/EBITDA
1104:Dark pool
1035:Regulator
880:Types of
846:Types of
494:corporate
469:Financial
291:Commodity
60:July 2012
48:talk page
1603:Category
1523:Slippage
1483:Position
1468:Momentum
1372:Dividend
1051:Exchange
1008:Investor
519:services
509:personal
504:forecast
474:analysis
398:Clearing
350:Forwards
276:Currency
114:Exchange
42:You may
1412:Haircut
1216:T-model
1028:Scalper
848:markets
704:sec.gov
671:simple
526:Fintech
489:betting
479:analyst
379:Trading
355:Options
1433:Margin
1301:(PMPT)
1163:(CAPM)
1013:Hedger
986:Trader
959:Broker
882:stocks
748:root.
641:stigma
514:public
311:Option
116:
1588:Yield
1563:Trade
1498:Rally
1419:(IPO)
1307:(RMH)
1280:(MPT)
1259:(EMH)
1212:(SML)
1201:(NAV)
1175:(DDM)
1169:(CML)
1140:(APT)
1133:Alpha
1100:(STP)
1094:(DMA)
1088:(ECN)
1082:(MTF)
1076:(ATS)
499:crime
484:asset
369:Swaps
301:Money
208:Stock
50:, or
1423:Long
1227:and
1157:(BV)
1144:Beta
647:and
439:Bull
665:SEC
613:or
464:ESG
296:ETF
1605::
779:.
752:.
733:.
702:.
691:^
831:e
824:t
817:v
804:)
783:.
756:.
737:.
598:e
591:t
584:v
283:)
274:(
262:)
248:(
118:·
73:)
67:(
62:)
58:(
40:.
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