MicroSectors FANG+ Index -3X Inverse Leveraged ETNs (FNGD) Stock Split History

MicroSectors FANG+ Index -3X Inverse Leveraged ETNs has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on July 20, 2020 with the ratio of 1-for-10, meaning that for 10 shares of FNGD owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on March 25, 2024 on a 1-for-10 basis.

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

For more detailed information of MicroSectors FANG+ 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 FANG+ 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 FNGD stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by MicroSectors FANG+ Index -3X Inverse Leveraged ETNs's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.