 |
 Video: What is a Stock Split?
|
|
|
| Payable for investments purchased Direxion Shares Exchange Traded Fund Trust - Daily Real Estate Bull 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the MSCI US REIT Indexsm. As of Oct 31 2015, the Fund's total assets were $118,859,645 and the Fund's investments portfolio was valued at $80,048,093. According to our DRN split history records, Direxion Shares Exchange Traded Fund Trust - Daily Real Estate Bull 3X Shares has had 3 splits. | |
|
Direxion Shares Exchange Traded Fund Trust - Daily Real Estate Bull 3X Shares (DRN) has 3 splits in our DRN split history database. The first split for DRN took place on May 05, 2010. This was a 4 for 1 split, meaning for each share of DRN owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. DRN's second split took place on April 02, 2013. This was a 2 for 1 split, meaning for each share of DRN owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. DRN's third split took place on August 25, 2016. This was a 4 for 1 split, meaning for each share of DRN owned pre-split, the shareholder now owned 4 shares. For example, a 8000 share position pre-split, became a 32000 share position following the split.
When a company such as Direxion Shares Exchange Traded Fund Trust - Daily Real Estate Bull 3X Shares splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the DRN split history from start to finish, an original position size of 1000 shares would have turned into 32000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares Exchange Traded Fund Trust - Daily Real Estate Bull 3X Shares shares, starting with a $10,000 purchase of DRN, presented on a split-history-adjusted basis factoring in the complete DRN split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
12/09/2014 |
|
| End date: |
12/06/2024 |
|
| Start price/share: |
$19.37 |
|
| End price/share: |
$12.15 |
|
| Starting shares: |
516.26 |
|
| Ending shares: |
641.85 |
|
| Dividends reinvested/share: |
$3.76 |
|
| Total return: |
-22.01% |
|
| Average Annual Total Return: |
-2.46% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$7,795.20 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
12/09/2014 |
|
| End date: |
12/06/2024 |
|
| Start price/share: |
$19.37 |
|
| End price/share: |
$12.15 |
|
| Dividends collected/share: |
$3.76 |
|
| Total return: |
-17.87% |
|
| Average Annual Total Return: |
-1.95% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$8,212.51 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 05/05/2010 | 4 for 1 | | 04/02/2013 | 2 for 1 | | 08/25/2016 | 4 for 1 |
|
|
Free DRN Email Alerts:
