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confidence high
sentiment neutral
materiality 0.40
2x Long VIX Futures ETF (UVIX) announces 1-for-10 reverse share split effective Oct 11
VS Trust
- Reverse split ratio 1:10; every 10 pre-split shares become 1 post-split share at 10x NAV.
- Effective at market open on October 11, 2023; ticker UVIX unchanged, new CUSIP 92891H507.
- Post-split fractional shares redeemed for cash, may be a taxable event for shareholders.
- Reverse split does not change the value of a shareholder's investment.