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 Video: What is a Stock Split?
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| Direxion Shares Exchange Traded Fund Trust - Daily Junior Gold Miners Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Market Vectors(TM) Junior Gold Miners Index. As of Oct 31 2015, the Fund's total assets were $101,213,341 and its investment portfolio was valued at $44,057,113. According to our JDST split history records, Direxion Shares ETF Trust - Daily Junior Gold Miners Index Bear 2X Shares June 2024 has had 8 splits. | |
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Direxion Shares ETF Trust - Daily Junior Gold Miners Index Bear 2X Shares June 2024 (JDST) has 8 splits in our JDST split history database. The first split for JDST took place on October 01, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of JDST 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. JDST's second split took place on September 10, 2015. JDST's third split took place on May 18, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of JDST owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 25 share position following the split. JDST's 4th split took place on August 25, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of JDST owned pre-split, the shareholder now owned 1 share. For example, a 25 share position pre-split, became a 5 share position following the split. JDST's 5th split took place on April 28, 2017. JDST's 6th split took place on May 01, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of JDST 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. JDST's 7th split took place on April 23, 2020. This was a 1 for 25 reverse split, meaning for each 25 shares of JDST owned pre-split, the shareholder now owned 1 share. For example, a 1.25 share position pre-split, became a 0.05 share position following the split. JDST's 8th split took place on July 01, 2024. This was a 1 for 10 reverse split, meaning for each 10 shares of JDST owned pre-split, the shareholder now owned 1 share. For example, a 0.05 share position pre-split, became a 0.005 share position following the split.
When a company such as Direxion Shares ETF Trust - Daily Junior Gold Miners Index Bear 2X Shares June 2024 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 JDST split history from start to finish, an original position size of 1000 shares would have turned into 0.005 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares ETF Trust - Daily Junior Gold Miners Index Bear 2X Shares June 2024 shares, starting with a $10,000 purchase of JDST, presented on a split-history-adjusted basis factoring in the complete JDST split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$2,604,000.00 |
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| End price/share: |
$26.78 |
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| Starting shares: |
0.00 |
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| Ending shares: |
0.00 |
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| Dividends reinvested/share: |
$190,164.36 |
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| Total return: |
-100.00% |
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| Average Annual Total Return: |
-67.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$0.12 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$2,604,000.00 |
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| End price/share: |
$26.78 |
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| Dividends collected/share: |
$190,164.36 |
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| Total return: |
-92.70% |
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| Average Annual Total Return: |
-23.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$730.34 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/01/2015 | 1 for 4 | | 09/10/2015 | 1 for 1 | | 05/18/2016 | 1 for 10 | | 08/25/2016 | 1 for 5 | | 04/28/2017 | 1 for 1 | | 05/01/2017 | 1 for 4 | | 04/23/2020 | 1 for 25 | | 07/01/2024 | 1 for 10 |
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