Tidal to implement 1-for-20 reverse stock split for 2x short MSTR fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2025
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Source: SeekingAlpha
Reverse Stock Split Announcement: Tidal Trust II's board has approved a 1-for-20 reverse stock split for the Defiance Daily Target 2X Short MSTR ETF (SMST), effective after trading on May 22, which will reduce outstanding shares by approximately 95%.
Impact on Investors: Following the split, the fund's net asset value and market price will adjust to twenty times their pre-split values, as SMST investors have faced significant losses due to MSTR's substantial stock price increase this year.
Analyst Views on SMST
Wall Street analysts forecast SMST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMST is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 73.400
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Current: 73.400
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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.
