MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) Stock Split History

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on March 29, 2021 with the ratio of 1-for-10, meaning that for 10 shares of BNKD owned pre-split, shareholders then owned 1 share. The most recent stock split took place on April 29, 2024 on a 1-for-5 basis.

These actions have increased BNKD stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs's total market capitalization.

For more detailed information of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when BNKD stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.