#ContangoETFs As discovered by @john4419, NUGT will be forward splitting 5 for 1 on August 24th. That would put today’s price at 28.40. I guess they don’t like it being so expensive… probably cuts down on the volume too much. As @Ramie77 points out, it will likely reverse split again not too long after this forward split.

This will be its first ever forward split. It has reverse split 3 times, April 2013, Aug 2013, and just recently in October 2015.

NUGT was started in late 2010, opening at a split adjusted price of $19,580. Yes, you read that right. That’s why we always bet bearish long-term on ContangoETFs.