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Direxion Shares Exchange Traded Fund Trust - China Bear 3X Cl is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to The Bank of New York Mellon China Select ADR® Index. As of Oct 31 2015, the Fund's total assets were $127,846,779 and the Fund's investments portfolio was valued at $72,430,681. According to our GASX split history records, Direxion Daily Natural Gas Related Bear 3X Shares has had 2 splits.
GASX split history picture
Direxion Daily Natural Gas Related Bear 3X Shares (GASX) has 2 splits in our GASX split history database. The first split for GASX took place on August 20, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of GASX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. GASX's second split took place on August 25, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of GASX owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split.

When a company such as Direxion Daily Natural Gas Related 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 GASX split history from start to finish, an original position size of 1000 shares would have turned into 62.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Daily Natural Gas Related Bear 3X Shares shares, starting with a $10,000 purchase of GASX, presented on a split-history-adjusted basis factoring in the complete GASX split history. GASX split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/14/2010
End date: 10/17/2019
Start price/share: $637.76
End price/share: $79.42
Starting shares: 15.68
Ending shares: 15.88
Dividends reinvested/share: $0.41
Total return: -87.39%
Average Annual Total Return: -20.03%
Starting investment: $10,000.00
Ending investment: $1,260.51
Years: 9.27
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/14/2010
End date: 10/17/2019
Start price/share: $637.76
End price/share: $79.42
Dividends collected/share: $0.41
Total return: -87.48%
Average Annual Total Return: -20.09%
Starting investment: $10,000.00
Ending investment: $1,251.77
Years: 9.27
Date Ratio
08/20/20131 for 4
08/25/20161 for 4
GASX 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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