Split History
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ProShares Trust - ProShares Ultra Financials (UYG) has 3 splits in our UYG split history database. The first split for UYG took place on April 15, 2010. This was a 1 for 10 reverse split, meaning for each 10 shares of UYG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. UYG's second split took place on May 20, 2015. This was a 2 for 1 split, meaning for each share of UYG owned pre-split, the shareholder now owned 2 shares. For example, a 100 share position pre-split, became a 200 share position following the split. UYG's third split took place on May 24, 2018. This was a 3 for 1 split, meaning for each share of UYG owned pre-split, the shareholder now owned 3 shares. For example, a 200 share position pre-split, became a 600 share position following the split.
When a company such as ProShares Trust - ProShares Ultra Financials 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. When a company such as ProShares Trust - ProShares Ultra Financials 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 UYG split history from start to finish, an original position size of 1000 shares would have turned into 600 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ProShares Trust - ProShares Ultra Financials shares, starting with a $10,000 purchase of UYG, presented on a split-history-adjusted basis factoring in the complete UYG split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/26/2024 | ||
| Start price/share: | $19.54 | ||
| End price/share: | $63.65 | ||
| Starting shares: | 511.77 | ||
| Ending shares: | 579.70 | ||
| Dividends reinvested/share: | $6.02 | ||
| Total return: | 268.98% | ||
| Average Annual Total Return: | 13.95% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $36,909.94 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/26/2024 | ||
| Start price/share: | $19.54 | ||
| End price/share: | $63.65 | ||
| Dividends collected/share: | $6.02 | ||
| Total return: | 256.55% | ||
| Average Annual Total Return: | 13.56% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $35,665.95 | ||
| Years: | 10.00 | ||
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| About ProShares Trust - ProShares Ultra Financials |
| ProShares Ultra Financials 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. Financialssm Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. As of May 31 2013, the Fund's total assets were $790,980,699 and the Fund's investment portfolio was valued at $693,086,036. According to our UYG split history records, ProShares Trust - ProShares Ultra Financials has had 3 splits. |
| UYG Split History Table | |
| Date | Ratio |
| 04/15/2010 | 1 for 10 |
| 05/20/2015 | 2 for 1 |
| 05/24/2018 | 3 for 1 |
| Financials Stock Splits |
| UYG is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
UYM Split History Also explore: UYG shares outstanding history
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