ProShares Trust II is a Delaware statutory trust. Co. is organized into separate series (each, a Fund and collectively, the Funds). ProShare Capital Management LLC, serves as Co.'s Sponsor, commodity pool operator and commodity trading advisor. Each of the Funds generally invests or will invest in Financial Instruments (instruments whose value is derived from the value of an underlying asset, rate or index, including futures contracts, swap agreements, forward contracts and other instruments) as a substitute for investing directly in commodities, currencies or spot volatility products. We show 19 historical shares outstanding datapoints in our BOIL shares outstanding history coverage, used to compute BOIL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BOIL market cap history over the course of time is important for investors
interested in comparing BOIL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BOIL versus a peer is one thing; comparing
BOIL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BOIL can fluctuate over the course of history.
With this page we aim to empower investors researching BOIL by allowing them to research the BOIL market cap history. |
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Video: The Importance of Market Cap
