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Video: What is a Stock Split?
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Direxion Shares Exchange Traded Fund Trust - Daily Developed Markets Bear 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the MSCI EAFE® Index. As of Oct 31 2015, the Fund's total assets were $12,398,739 and the Fund's investments portfolio was valued at $7,981,037. According to our DPK split history records, DPK has had 2 splits. | |
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DPK (DPK) has 2 splits in our DPK split history database. The first split for DPK took place on February 24, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of DPK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. DPK's second split took place on August 20, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of DPK owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 50 share position following the split.
When a company such as DPK conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the DPK split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DPK shares, starting with a $10,000 purchase of DPK, presented on a split-history-adjusted basis factoring in the complete DPK split history.

Growth of $10,000.00
With Dividends Reinvested
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Start date: |
02/12/2015 |
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End date: |
03/27/2020 |
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Start price/share: |
$31.51 |
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End price/share: |
$15.78 |
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Starting shares: |
317.36 |
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Ending shares: |
325.87 |
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Dividends reinvested/share: |
$0.34 |
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Total return: |
-48.58% |
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Average Annual Total Return: |
-12.18% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,142.42 |
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Years: |
5.12 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/12/2015 |
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End date: |
03/27/2020 |
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Start price/share: |
$31.51 |
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End price/share: |
$15.78 |
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Dividends collected/share: |
$0.34 |
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Total return: |
-48.85% |
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Average Annual Total Return: |
-12.27% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,115.49 |
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Years: |
5.12 |
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Date |
Ratio |
02/24/2011 | 1 for 5 | 08/20/2013 | 1 for 4 |
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