Trading of Single Stock ETF on Netflix shares to be suspended on Nov 17-18 due to stock split
Trading of the Single Stock ETF on Netflix Inc. shares (ticker on Nasdaq: NFLX) will be suspended on the ITS international trading platform from November 17, 2025, due to a stock split by the streaming service. The trading will resume at 15:00 Astana time (10:00 UTC) on Nov. 18.
Following the stock split, the share split ratio for this Single Stock ETF will change from 1:100 to 1:10. The instrument’s ticker on ITS will also be updated from NFLX/100 to NFLX/10, reflecting the new split ratio of the underlying stock.
As the original stock is being split by a factor of 10, the number of ETF shares held by investors will remain unchanged, and the price level will remain the same.
ITS offers investors access to Single Stock ETFs on shares of 12 U.S.-listed companies. This instrument enables investors to acquire fractional portions of highly liquid stocks, making high-value securities accessible to a broader range of market participants. In essence, investors can purchase individual equities through a fund structure at a tenth, hundredth, or thousandth of the full share price.
The Single Stock ETFs are managed by IPS Capital, a company registered in the jurisdiction of the Astana International Financial Centre (AIFC). All transactions are denominated in U.S. dollars, and investment income is exempt from personal income tax in Kazakhstan.
About ITS
ITS is an international liquidity hub. Central to ITS's business model are the principles of best execution and smart order routing technology. These principles enable investors to execute securities transactions at the best prices available on the global financial market, regardless of the transaction volume. This technology ensures that the liquidity for foreign securities on ITS matches that of leading international platforms where these securities are traded.
ITS Central Securities Depository Limited, the central depository for ITS, offers depository services for the storage and settlement of securities. The depository has received Qualified Intermediary with primary withholding responsibility (WQI) status from the U.S. Internal Revenue Service (IRS).
Operating a clearing house that acts as a Central Counterparty, ITS assumes the counterparty role for all obligations of clearing participants and manages the clearing process for transactions on the ITS trading platform.
ITS also calculates its own indexes: the ITS World index (ITSW) and the ITS Shariah index (ITSS).
ITS's direct clients include professional securities market participants from Kazakhstan and other countries, such as financial intermediaries that are accredited and directly registered at the AIFC. Investors, both private individuals and legal entities, access trading through these financial intermediaries, such as brokers and banks.
ITS Press Service