UVXY’s Most Recent Reverse Split? June 23rd, 2023
Finally, after UVXY trading levels dropped below $2.50 per share, Proshares has announced a 1:10 reverse split, effective the morning of 23-June-2023. Some people seem to anticipate that there will be significant price moves in UVXY, motivated by a reverse split. I’m not in that camp. UVXY’s price is tied to VIX futures’ price, which couldn’t care less about UVXY’s share price. A long time …
