Tidal Financial Group Announces Reverse Stock Split for Defiance Daily Target 2X Short MSTR ETF (Ticker: SMST)
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Tidal Financial Group has announced a reverse stock split for the Defiance Daily Target 2X Short MSTR ETF (SMST), effective after the close of trading on November 15, 2024.
November 08, 2024 | 9:30 pm
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Tidal Financial Group has approved a reverse stock split for the Defiance Daily Target 2X Short MSTR ETF (SMST), which will take effect after trading closes on November 15, 2024.
The announcement of a reverse stock split typically aims to increase the market price of the ETF's shares, which can affect investor perception and trading activity. However, the fundamental value of the ETF does not change, leading to a neutral short-term price impact.
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