BMO REX MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) Stock Split History

BMO REX MicroSectors FANG+ Index 3X Leveraged ETN has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on February 12, 2021 with the ratio of 10-for-1, meaning that for 1 share of FNGU owned pre-split, shareholders then owned 10 shares. The most recent stock split took place on October 31, 2022 on a 1-for-10 basis.

These actions have increased FNGU 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 BMO REX MicroSectors FANG+ Index 3X Leveraged ETN's total market capitalization.

For more detailed information of BMO REX MicroSectors FANG+ Index 3X Leveraged ETN's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. BMO REX MicroSectors FANG+ Index 3X Leveraged ETN 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 FNGU stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by BMO REX MicroSectors FANG+ Index 3X Leveraged ETN's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.