UVIX Reverse Split October 11 th, 2023
Volatility Shares will execute a 1:10 reverse split for UVIX, effective at market open October 11th, 2023 (press release). Since its inception in March 2022, UVIX’s decay rate has averaged around 16% per month. Some investors anticipate significant price moves in UVIX motivated by a reverse split. I’m not in that camp. UVIX’s price is tied to VIX futures’ price, which couldn’t care less about UVIX’s …
