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Market Vectors sets reverse splits on 7 ETFs, effective next month. As the share prices on these...

Market Vectors sets reverse splits on 7 ETFs, effective next month. As the share prices on these funds decline, the company is worried bid-ask spreads - on a percentage basis - will get too wide. Splitting 1-for-3: GEX, RSXJ, NLR. Splitting 1-for-4: EGPT, SCIF, GDXJ, REMX.
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