Proshares Ultrashort Materials (SMN) Stock Split History

Proshares Ultrashort Materials has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on April 15, 2010 with the ratio of 1-for-5, meaning that for 5 shares of SMN owned pre-split, shareholders then owned 1 share. 3 more splits have been implemented since then. The most recent stock split took place on May 25, 2021 on a 1-for-2 basis.

These splits have increased SMN 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 Proshares Ultrashort Materials's total market capitalization.

For more detailed information of Proshares Ultrashort Materials's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Proshares Ultrashort Materials 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 SMN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Proshares Ultrashort Materials's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.