Stock Track | MSTU Soars 14.01% in Pre-Market on Forward Share Split Announcement

Stock Track

2024-12-16

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) surged 14.01% in pre-market trading on Monday, following the announcement of a forward 10-for-1 share split for the ETF.

According to the announcement by REX Shares and Tuttle Capital Management, the forward split for MSTU will increase the total number of outstanding shares by approximately tenfold. Shareholders of record as of the close of trading on December 13, 2024, will receive ten shares for each share they currently hold.

While the split does not impact the total market value of the shares outstanding, it will proportionally adjust the per-share net asset value (NAV) and market price. The split is expected to enhance the liquidity and trading flexibility of MSTU shares for investors.

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