Split History
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Direxion Shares Exchange Traded Fund Trust - Daily Technology Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russel 1000® Technology Index. As of Oct 31 2015, the Fund's total assets were $23,345,706 and the Fund's investments portfolio was valued at $15,545,224. According to our TECS split history records, Direxion Shares ETF Trust - Daily Tech Bear 3X Shares has had 4 splits.
TECS split history picture
Direxion Shares ETF Trust - Daily Tech Bear 3X Shares (TECS) has 4 splits in our TECS split history database. The first split for TECS took place on April 02, 2013. This was a 1 for 5 reverse split, meaning for each 5 shares of TECS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. TECS's second split took place on May 20, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of TECS owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 50 share position following the split. TECS's third split took place on March 29, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of TECS owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 10 share position following the split. TECS's 4th split took place on April 23, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of TECS owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 1 share position following the split.

When a company such as Direxion Shares ETF Trust - Daily Tech 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 TECS split history from start to finish, an original position size of 1000 shares would have turned into 1 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares ETF Trust - Daily Tech Bear 3X Shares shares, starting with a $10,000 purchase of TECS, presented on a split-history-adjusted basis factoring in the complete TECS split history. TECS split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/24/2011
End date: 06/23/2021
Start price/share: $24,410.00
End price/share: $5.48
Starting shares: 0.41
Ending shares: 0.42
Dividends reinvested/share: $3.83
Total return: -99.98%
Average Annual Total Return: -56.71%
Starting investment: $10,000.00
Ending investment: $2.30
Years: 10.01
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/24/2011
End date: 06/23/2021
Start price/share: $24,410.00
End price/share: $5.48
Dividends collected/share: $3.83
Total return: -99.96%
Average Annual Total Return: -54.47%
Starting investment: $10,000.00
Ending investment: $3.81
Years: 10.01
Date Ratio
04/02/20131 for 5
05/20/20151 for 4
03/29/20181 for 5
04/23/20201 for 10
TECS 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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