Tidal Financial Group Announces Reverse Stock Split for Defiance Daily Target 2X Long SMCI ETF (Ticker: SMCX)
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Tidal Financial Group has announced a reverse stock split for the Defiance Daily Target 2X Long SMCI ETF (SMCX), effective after the close of trading on November 15, 2024.
November 08, 2024 | 9:15 pm
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Tidal Financial Group has announced a reverse stock split for the Defiance Daily Target 2X Long SMCI ETF (SMCX), which will take effect after the market closes on November 15, 2024.
A reverse stock split typically consolidates the number of existing shares into fewer, proportionally more valuable shares. This can be seen as a move to increase the share price and potentially attract more investors. However, it does not change the fundamental value of the ETF. The announcement is significant for current and potential investors as it affects the share structure.
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