When a company such as ProShares Trust - Ultra Communication Services splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the LTL split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - Ultra Communication Services shares, starting with a $10,000 purchase of LTL, presented on a split-history-adjusted basis factoring in the complete LTL split history.

About ProShares Trust - Ultra Communication Services

ProShares Ultra Telecommunications ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select Telecommunicationssm Index. The index is a measure of U.S. stock market performance of fixed line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services). As of May 31 2013, the Fund's total assets were $5,199,124 and the Fund's investment portfolio was valued at $4,633,142. According to our LTL split history records, ProShares Trust - Ultra Communication Services has had 1 split.

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