UVXY’s Next Reverse Split? May 26th, 2021

Proshares has announced  a 1:10 reverse split, effective 26-May-2021 for UVXY.  UVXY’s historic average decay rate is around 9% per month but February and March 2021 experienced declines in the 40% a month range (!) because of collapses in the prices of VIX futures.  Historically ProShares has initiated reverse splits when UVXY has dropped below around $8, so with UVXY trading around $4 this one … Continue reading UVXY’s Next Reverse Split? May 26th, 2021