Split History
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ProShares Trust - UltraPro Short MidCap 400 April 2021 (SMDD) has 5 splits in our SMDD split history database. The first split for SMDD took place on May 11, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of SMDD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. SMDD's second split took place on January 24, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of SMDD owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split. SMDD's third split took place on April 21, 2020. This was a 1 for 4 reverse split, meaning for each 4 shares of SMDD owned pre-split, the shareholder now owned 1 share. For example, a 62.5 share position pre-split, became a 15.625 share position following the split. SMDD's 4th split took place on January 21, 2021. This was a 1 for 2 reverse split, meaning for each 2 shares of SMDD owned pre-split, the shareholder now owned 1 share. For example, a 15.625 share position pre-split, became a 7.8125 share position following the split. SMDD's 5th split took place on May 25, 2021. This was a 1 for 4 reverse split, meaning for each 4 shares of SMDD owned pre-split, the shareholder now owned 1 share. For example, a 7.8125 share position pre-split, became a 1.953125 share position following the split.
When a company such as ProShares Trust - UltraPro Short MidCap 400 April 2021 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 SMDD split history from start to finish, an original position size of 1000 shares would have turned into 1.953125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - UltraPro Short MidCap 400 April 2021 shares, starting with a $10,000 purchase of SMDD, presented on a split-history-adjusted basis factoring in the complete SMDD split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/17/2024 | ||
| Start price/share: | $1,581.44 | ||
| End price/share: | $12.59 | ||
| Starting shares: | 6.32 | ||
| Ending shares: | 6.63 | ||
| Dividends reinvested/share: | $4.01 | ||
| Total return: | -99.17% | ||
| Average Annual Total Return: | -38.05% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $83.47 | ||
| Years: | 9.99 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/17/2024 | ||
| Start price/share: | $1,581.44 | ||
| End price/share: | $12.59 | ||
| Dividends collected/share: | $4.01 | ||
| Total return: | -98.95% | ||
| Average Annual Total Return: | -36.61% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $105.02 | ||
| Years: | 9.99 | ||
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| About ProShares Trust - UltraPro Short MidCap 400 April 2021 |
| ProShares UltraPro Short MidCap400 is an open-end management investment company. The Fund seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The S&P MidCap 400 Index is a used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor's based on adequate liquidity, appropriate market capitalization, financial viability and public float. As of May 31 2013, the Fund's total assets and investment portfolio totaled $6,839,440 and $4,986,834, respectively. According to our SMDD split history records, ProShares Trust - UltraPro Short MidCap 400 April 2021 has had 5 splits. |
| SMDD Split History Table | |
| Date | Ratio |
| 05/11/2012 | 1 for 4 |
| 01/24/2014 | 1 for 4 |
| 04/21/2020 | 1 for 4 |
| 01/21/2021 | 1 for 2 |
| 05/25/2021 | 1 for 4 |
| Financials Stock Splits |
| SMDD is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SMF Split History Also explore: SMDD shares outstanding history
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