JNUG’s 7th split took place on June 28, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of JNUG owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 10 share position following the split.
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JNUG closed at $59 yesterday–divide that by 5 and you get
59 / 5 = $11.80
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that seems too cheap—how is it overpriced? I must be missing something–could u please explain what you mean? TIA