Witan investment trust - what’s happened?

Herbalus

I check the risers and fallers in the ftse allshare occasionally out of interest, and the Witan investment trust is showing as -80% today on the HL app. However, apparently the factsheet for this fund is unavailable and I can’t see what has caused this seemingly cataclysmic drop in share price. There isn’t anything immediately obvious in the news either.

Does anybody know what’s going on? I wouldn’t be surprised if it was an error in all honesty. I don’t have shares in it, and won’t buy any, but I’m often curious as to what news happens to make share prices rise and fall to the extent they do, so this one piqued my interest.

JohnRo

There is a 5 for 1 stock split scheduled for today, it's obviously a temporary platform glitch until they update the new prices which it sounds like they had when you looked and obviously the new quantities held which it sounds like they hadn't when you looked.

* here's the link
https://www.hl.co.uk/news/articles/witan-investment-trust-announces-a-split-of-its-shares

talexuser

Multiply your number of shares by 5 and the price and dividends are divided by 5 to give the same value as before. Funds do this to make buying small amounts of re-investments easier.