April 2nd - $AXS 1.25X NVDA BEAR DAILY ETF (NVDS.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 3rd, 2024.
$AXS 1.25X NVDA BEAR DAILY ETF (NVDS.US)$ slipped 0.08% and closed at $12.79 on April 1st with a turnover of $42.53 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.