AdvisorShares Announces Reverse Split For MSOS Daily Leveraged ETF, What Investors Need To Know
AdvisorShares has announced a reverse split for its MSOS Daily Leveraged ETF (NYSE:MSOX), effective November 26, 2024.
A reverse split reduces the number of its outstanding shares, increasing the share price proportionally. In this case, the split will be 1-for-20, with every 20 shares of MSOX consolidated into one share.
Key Details:
- Share Consolidation: If you own 1,000 shares at $10 per share (worth $10,000), post-split you will hold 50 shares at $200 per share, still totaling $10,000. Your investment value remains unchanged, only the number of shares and price per share adjust.
- New CUSIP: The ETF’s identifier (CUSIP) will change to reflect the reverse split, …