March 1st - $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ is about to implement a 6-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from March 13th, 2024.
$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ rose 4.16% and closed at $198.0 on February 29th with a turnover of $271.28 million.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.