Loading ...NEW YORK, April 8, 2020 /PRNewswire/ — Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a “Fund” and collectively, the “Funds”). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
After the close of the markets on April 22, 2020, each Fund will affect reverse splits of its issued and outstanding shares as follows
Fund Name
Reverse Split Ratio
Approximate decrease in
total number of
outstanding shares
Direxion Daily MSCI Brazil Bull 2X Shares
1 for 35
97%
Direxion Daily Junior Gold Miners Index Bear 2X Shares
1 for 25
96%
Direxion Daily Gold Miners Index Bear 2X Shares
1 for 25