Tidal Financial Group said Defiance will carry out forward splits for three leveraged ETFs on August 18 and reverse splits for 11 others on August 18 and August 19, with proportional price adjustments leaving immediate position values unchanged.
Defiance ETFs and Tidal Financial Group said 14 Defiance leveraged ETFs will undergo share splits in August 2026, including forward stock splits for KEEX, LNOK and OSCX effective at the market open on August 18 for shareholders of record on August 17, and reverse stock splits for 11 other leveraged funds effective on August 18 or August 19 for shareholders of record on those dates, as applicable. The firms said the forward splits are intended to lower per-share trading prices and increase outstanding shares, while the reverse splits will reduce outstanding shares and raise per-share prices proportionally. In both cases, the companies said investors’ total market value immediately after the split should remain unchanged. DTC, the U.S. securities clearing and settlement system, will process the changes automatically. Fractional-share entitlements may be paid in cash under broker policies and could have tax implications.