Did Sqqq Split Today toX9baE
The ProShares UltraPro Short QQQ (SQQQ) is scheduled to undergo a reverse stock split effective November 7, 2024. The split will be a 1-for-5 reverse stock split, which means that for every five shares of SQQQ currently held, shareholders will receive one new share post-split. The shares of SQQQ will begin trading on a split-adjusted basis from that date.
Key details regarding the reverse stock split can be found in several sources. The Nasdaq Trader announced the upcoming reverse stock split and mentioned the corresponding change in the CUSIP number for the ETF on the effective date. For further information, this can be accessed through Nasdaq Trader.
Business Wire has also provided information on the ETF share splits, confirming that all reverse splits, including SQQQ’s, will take effect prior to the market opening on November 7, 2024. More details can be read in the complete announcement on Business Wire.
Additionally, the MIAX Exchange Group noted the corporate action concerning SQQQ, emphasizing that the reverse split will take effect on the same date. This announcement can be found here: MIAX Exchange Group.
For comprehensive information on the nature of the split and the implication for shareholders, the OCC's information memo provides insights as well, available as a PDF at OCC Info Memo.
Finally, reports from news outlets such as Futunn and Moomoo confirm the 1-for-5 reverse stock split, highlighting the immediate effect on share trading. The updates from these platforms are available via Futunn and Moomoo.
In summary, SQQQ will not split today, but a significant reverse stock split is scheduled for November 7, 2024, as discussed across multiple announcements and publications.
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