Reverse Split VXX.ETF
21-08-2017 09:11
On 23 August before the opening of the market on the VXX.ETF will be re-split 1 for 4, that is, the number of contracts will decrease 4-times, and the price of the instrument at the opening will increase 4-times.
When the clietns holds more than one open position, the new position will aggregate to one position. If clients position are not a multiple of four, say 0,19 contract, you will get 0,04 reverse adjusted shares and a cash payout for the 0,03 remaining pre-split contrant.