ProShares VIX Short-Term Futures ETF (VIXY) has announced a 1-for-4 reverse stock split, consolidating its shares and adjusting the share price accordingly. As a result, every four shares of VIXY will be converted into one share, meaning each existing share will represent the right to receive 0.25 of a new share. This reverse stock split reduces the total number of outstanding shares, which typically raises the price per share while leaving the overall market value of the ETF unchanged. Reverse stock splits are often employed to help a fund's share price stay above a certain level, maintaining its appeal to institutional investors or meeting exchange requirements. Although a reverse split...