October 29th (Eastern Time) - $Proshares Trust Pshs Ult Hlthcre (RXL.US)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from November 7th, 2024.
$Proshares Trust Pshs Ult Hlthcre (RXL.US)$ rose 0.33% and closed at $103.81 on October 28th with a turnover of $176.47K.
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.