This is an extraordinary illustration of the power of exponents. Below is the chart of UVXY, which is the ultra-short fund based on the VIX. Let’s just say it isn’t a good long-term investment. It has been reverse-split countless times, for obvious reasons. Its price as I am composing this post is about $7.45. Want to know its price when it started trading? A little under $25 billion. Just sayin’.
