Defiance ETFs, LLC announced today that the Board of Trustees of ETF Series Solutions has approved a one-for-eight (1-for-8) reverse split of the Defiance Next Gen H2 ETF (HDRO)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: Globenewswire
Reverse Split Announcement: The Defiance Next Gen H2 ETF (ticker: HDRO) will undergo a 1:8 reverse split effective October 4, 2024, which will reduce the number of outstanding shares while proportionately increasing the ETF's net asset value.
Impact on Shareholders: The reverse split will not affect the total value of a shareholder’s investment portfolio or the ETF's performance, and no shareholder approval is required for this action.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
