IBB split

Was looking at some of our old friends…BIB XBI LABU and IBB for maybe some potential #FallingKnife possibilities when I stumbled on this for IBB:

The Board has approved a 3-for-1 split for this fund for shareholders of record as of the close of business on November 28, 2017, payable after the close of trading on November 30, 2017. The 3-for-1 split will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.

Could be interesting. Just watching for now but out next year at 220-240 looks like it could get juicy.