RE:RE:RE:RE:RE:RE:HOU Consolidation Question To GroupYes. Consolidation does nothing to the value of a share. It does impact the number of shares that a person may be able to purchase but the value is the same. $6x1000 = $0.6x10,000.
Your mistake is in how the ETF works from a gains point of view. The Share value goes up 2x the PERCENTAGE gains on the underlying crude contract.
If WTI is $10 and it goes up by $1 or 10% then the ETF Shares go up by 20%
If WTI is $20 and it goes up by $1 or 5% then the ETF shares go up by 10%
WTI goes up $11 from $24 that is 45% then the ETF will go up 90% so the $6.76 will be $12.84 and your 1,000 shares would be worth $12,840
If there was no consolidation, then the share price would go from $0.676 to $1.28 and your 10,000 shares would be worth $12,840.
There is NO difference.