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Pro shares are getting SPLIT

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ravi bala asked 2 years ago
Pat  I noticed in the TD Ameritrade platform that the Pro shares ETF are getting split  The ETFs reflecting say QQQ---QLD is getting forward split of 2;1 and the $ value of shares remain same . The short ones say QIDs and similar ones are getting reverse split2;1 or 4;1. -- Are we loosing money because of the number of shares are reduced and the value of the shares remain the same?
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Avatar photoOwen Staff answered 2 years ago

Hi Ravi, There is never any value lost with stock splits. I am curious where you say, "the $ value of the shares remain the same." (if you have a link to that article, post it and I'll take a glance at it).
However it is stated in the article you read, the reality is the same; a holder of shares through a split results in no reduction of capital. Shares are adjusted based upon the newly adjusted price.
You might find this article interesting: https://www.proshares.com/press-releases/proshares-announces-etf-share-splits-122021/
If you care to check out split history, this site is pretty good for that: https://www.splithistory.com/