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 Video: What is a Stock Split?
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| Direxion Shares Exchange Traded Fund Trust - Daily Large Cap Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russell Midcap® Index. As of Oct 31 2015, the Fund's total assets were $75,710,139 and the Fund's investments portfolio was valued at $55,159,312. According to our MWJ split history records, MWJ has had 1 split. | |
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MWJ (MWJ) has 1 split in our MWJ split history database. The split for MWJ took place on May 05, 2010. This was a 3 for 1 split, meaning for each share of MWJ owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as MWJ 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 MWJ split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MWJ shares, starting with a $10,000 purchase of MWJ, presented on a split-history-adjusted basis factoring in the complete MWJ split history.
MWJ -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/05/2010 | 3 for 1 |
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