ETF Reverse Splits Effective Jan 24
A week from tomorrow (Jan 24), CAPS players who have picks on 17 ETFs will awake to some stunning and shocking CAPS scores. It will take a few days for the CAPS team at TMF to get these into the system - and it always seems to cause our fellow players a great deal of anguish. If you are prepared for it, you won't feel that surge of "panic" and can be confident that the score adjustments will come over the following week - but perhaps not as quickly as your sense of order in the world seems to demand. The CAPS team hasn't blown one of these yet to my knowledge - so have confidence it is a temporary phenomenon.
The following ETFs will reverse split shares, all at a 1:4 ratio:
EWV, SPXU, EPA, QID, SQQQ, SMDD, SJH, SBB, SIJ, FXP,MZZ, TWM, SDD, SRTY, SKK, AGQ and UVXY.
All reverse splits will be effective at the market open on January 24, 2014, when the ETFs will begin trading at their post-split price. The ticker symbol for the ETFs will not change. All ETFs undergoing a reverse split will be issued a new CUSIP number.