Split History
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Video: What is a Stock Split?


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Direxion Shares Exchange Traded Fund Trust - Daily S&P Biotech Bull 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the S&P Biotechnology Select Industry Index. As of Oct 31 2015, the Fund's total assets were $145,422,809 and the Fund's investments portfolio was valued at $92,545,132. According to our LABU split history records, Direxion Shares Exchange Traded Fund Trust - Direxion Daily S&P Biotech Bull 3X Shares has had 1 split.
LABU split history picture
Direxion Shares Exchange Traded Fund Trust - Direxion Daily S&P Biotech Bull 3X Shares (LABU) has 1 split in our LABU split history database. The split for LABU took place on March 24, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of LABU 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.

When a company such as Direxion Shares Exchange Traded Fund Trust - Direxion Daily S&P Biotech Bull 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 LABU split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares Exchange Traded Fund Trust - Direxion Daily S&P Biotech Bull 3X Shares shares, starting with a $10,000 purchase of LABU, presented on a split-history-adjusted basis factoring in the complete LABU split history. LABU split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/29/2015
End date: 12/03/2021
Start price/share: $163.88
End price/share: $34.97
Starting shares: 61.02
Ending shares: 61.58
Dividends reinvested/share: $0.51
Total return: -78.46%
Average Annual Total Return: -20.98%
Starting investment: $10,000.00
Ending investment: $2,153.72
Years: 6.52
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/29/2015
End date: 12/03/2021
Start price/share: $163.88
End price/share: $34.97
Dividends collected/share: $0.51
Total return: -78.35%
Average Annual Total Return: -20.92%
Starting investment: $10,000.00
Ending investment: $2,164.41
Years: 6.52
Date Ratio
03/24/20161 for 4
LABU 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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