UVXY’s Next Reverse Split? April 11th, 2024
Proshares has announced a 1:5 reverse split, effective the morning 11-April-2024. Some people seem to anticipate that there will be significant price moves in UVXY, motivated by a reverse split. I’m not in that camp. UVXY’s price is tied to VIX futures’ price, which couldn’t care less about UVXY’s share price. A long time ago it was common for stocks to have sizeable run-ups motivated …
