December 30th (Eastern Time) - $KraneShares China Internet & Covered Call Strategy ETF (KLIP.US)$ is about to implement a 1-for-3 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 2nd, 2025.
$KraneShares China Internet & Covered Call Strategy ETF (KLIP.US)$ slipped 0.98% and closed at $10.9366884 on December 27th with a turnover of $1.39 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.