Split History
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Direxion Shares Exchange Traded Fund Trust - Daily Financial Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russell 1000® Financail Services Index. As of Oct 31 2015, the Fund's total assets were $351,516,087 and the Fund's investments portfolio was valued at $231,970,484. According to our FAZ split history records, Direxion Shares ETF Trust - Daily Financial Bear 3X Shares has had 5 splits.
FAZ split history picture
Direxion Shares ETF Trust - Daily Financial Bear 3X Shares (FAZ) has 5 splits in our FAZ split history database. The first split for FAZ took place on July 09, 2009. This was a 1 for 10 reverse split, meaning for each 10 shares of FAZ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. FAZ's second split took place on February 24, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of FAZ owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 20 share position following the split. FAZ's third split took place on April 02, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of FAZ owned pre-split, the shareholder now owned 1 share. For example, a 20 share position pre-split, became a 5 share position following the split. FAZ's 4th split took place on October 01, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of FAZ owned pre-split, the shareholder now owned 1 share. For example, a 5 share position pre-split, became a 1.25 share position following the split. FAZ's 5th split took place on June 28, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of FAZ owned pre-split, the shareholder now owned 1 share. For example, a 1.25 share position pre-split, became a 0.25 share position following the split.

When a company such as Direxion Shares ETF Trust - Daily Financial Bear 3X Shares 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 FAZ split history from start to finish, an original position size of 1000 shares would have turned into 0.25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares ETF Trust - Daily Financial Bear 3X Shares shares, starting with a $10,000 purchase of FAZ, presented on a split-history-adjusted basis factoring in the complete FAZ split history. FAZ split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 09/20/2010
End date: 09/18/2020
Start price/share: $4,968.00
End price/share: $14.47
Starting shares: 2.01
Ending shares: 2.05
Dividends reinvested/share: $0.88
Total return: -99.70%
Average Annual Total Return: -44.11%
Starting investment: $10,000.00
Ending investment: $29.69
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 09/20/2010
End date: 09/18/2020
Start price/share: $4,968.00
End price/share: $14.47
Dividends collected/share: $0.88
Total return: -99.69%
Average Annual Total Return: -43.89%
Starting investment: $10,000.00
Ending investment: $30.88
Years: 10.00
Date Ratio
07/09/20091 for 10
02/24/20111 for 5
04/02/20131 for 4
10/01/20151 for 4
06/28/20191 for 5
FAZ is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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