ProShares UltraShort MSCI Japan is an open-end management investment company. The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan Index (the Index). The Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in Japan. As of May 31 2013, the Fund's total assets and investment portfolio totaled $14,292,447 and $12,245,927, respectively. We show 76 historical shares outstanding datapoints in our EWV shares outstanding history coverage, used to compute EWV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EWV market cap history over the course of time is important for investors
interested in comparing EWV'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 EWV versus a peer is one thing; comparing
EWV 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 EWV can fluctuate over the course of history.
With this page we aim to empower investors researching EWV by allowing them to research the EWV market cap history. |
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Video: The Importance of Market Cap
