November 20th (Eastern Time) - $Tradr 2X Short TSLA Daily ETF (TSLQ.US)$ is about to implement a 1-for-6 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 27th, 2024.
$Tradr 2X Short TSLA Daily ETF (TSLQ.US)$ slipped 3.99% and closed at $7.22 on November 19th with a turnover of $167.47 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.