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JPX (JPX) has 1 split in our JPX split history database. The split for JPX took place on February 25, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of JPX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as JPX conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the JPX split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into JPX shares, starting with a $10,000 purchase of JPX, presented on a split-history-adjusted basis factoring in the complete JPX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-16.81%|
|ProShares UltraShort MSCI Pacific ex-Japan is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Pacific ex-Japan Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of the developed markets in the Pacific region, excluding Japan. As of May 31 2013, the Fund's total assets and investment portfolio totaled $1,588,074 and $1,397,020, respectively. According to our JPX split history records, JPX has had 1 split.|
|JPX Split History Table|
|02/25/2011||1 for 5|
|Financials Stock Splits|
|JPX is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|