Seventh VXX Reverse Split—March 7th, 2023

For a security doomed to decrease in value over time Barclays’ VXX does amazingly well.  Its volume averages over 8 million shares per day and its assets under management had stayed around $800 million to $1.5 billion until an ugly 2022, were it had to cease share creations for 6 months due to a regulatory problem. Now its assets are at $300 million, still not …

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Stock splits—will the confusion ever end?

I understand how stock splits, forward and reverse can confuse novice investors, but I was shocked to see Reuters Money publishing a guest post titled:  “An inside look at a bad stock trade.”   This investor’s analysis of VXX’s 4:1 reverse split was: “Such a split means that investors would have one-fourth of the shares they owned before the split, but at four times the …

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