October 30th (Eastern Time) - $GraniteShares 2x Short NVDA Daily ETF (NVD.US)$ is about to implement a 1-for-25 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 4th, 2024.
$GraniteShares 2x Short NVDA Daily ETF (NVD.US)$ slipped 1.59% and closed at $1.24 on October 29th with a turnover of $19.55 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.