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Direxion Shares Exchange Traded Fund Trust - Daily Regional Banks Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Solactive Regional Bank Index. As of Oct 31 2015, the Fund's total assets were $3,898,332 and the Fund's investments portfolio was valued at $2,193,863. According to our TMV split history records, Daily 20+ Year Treasury Bear 3X Shares has had 1 split.
TMV split history picture
Daily 20+ Year Treasury Bear 3X Shares (TMV) has 1 split in our TMV split history database. The split for TMV took place on November 10, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of TMV 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.

When a company such as Daily 20+ Year Treasury 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 TMV split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Daily 20+ Year Treasury Bear 3X Shares shares, starting with a $10,000 purchase of TMV, presented on a split-history-adjusted basis factoring in the complete TMV split history. TMV split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 04/16/2009
End date: 10/20/2017
Start price/share: $309.50
End price/share: $19.38
Starting shares: 32.31
Ending shares: 36.36
Dividends reinvested/share: $36.74
Total return: -92.95%
Average Annual Total Return: -26.76%
Starting investment: $10,000.00
Ending investment: $704.62
Years: 8.52
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/16/2009
End date: 10/20/2017
Start price/share: $309.50
End price/share: $19.38
Dividends collected/share: $36.74
Total return: -81.87%
Average Annual Total Return: -18.16%
Starting investment: $10,000.00
Ending investment: $1,814.09
Years: 8.52
Date Ratio
11/10/20111 for 5
TMV 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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