UVIX Reverse Split January 25th, 2023
Volatility Shares executed a 1:5 reverse split for UVIX, effective at market open January 25th, 2023. Since its inception in March 2022, UVIX’s decay rate has averaged around 13% 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 share price. A …
