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ETF Reverse Splits Effective Jan 24

Recs

7

January 16, 2014 – Comments (3) | RELATED TICKERS: UVXY , SQQQ , SDD

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.

3 Comments – Post Your Own

#1) On January 18, 2014 at 4:30 AM, chris293 (84.59) wrote:

       Reverse splits often means the the company or companies are just hanging on and don't want to be delisted.   Of course there could be any number of reasons but. winning stocks are not known to resort to reverse splits.  Good luck to all!  I'm sure there must be a good reason, I just cann't  think of one.

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#2) On January 21, 2014 at 4:44 PM, timc1981 (98.96) wrote:

@chris293 - These are ETFs, not companies.

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#3) On January 24, 2014 at 10:51 AM, MajorBob04 (99.49) wrote:

I didn't see this blog post until AFTER my CAPS score plummeted from almost 99 to 41... After I picked up my jaw from the ground, I found the culprits and realized that it might be the ETFs.  Of course several of them are still negative, er, positive on my short means my score is negative, thus I'm still losing points. BUT I should recover a lot of points once the CAPS team fixes the scores.

Thanks for the list. I guess I will continue to play a little longer . . .

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