Solar ETF Readies 1-for-15 Reverse Split After Long Decline
June 29, 2012 at 11:40 AM EDT
A solar energy ETF that has shed about three-quarters of its value the past year is preparing a 1-for-15 reverse share split. Market Vectors Solar Energy ETF (NYSEArca: KWT) will undergo a reverse split on July 2., according to manager Van Eck Global. The price of a share will increase but the...