Split History
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Video: What is a Stock Split?


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Direxion Shares Exchange Traded Fund Trust - China Bear 3X Cl is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to The Bank of New York Mellon China Select ADR® Index. As of Oct 31 2015, the Fund's total assets were $127,846,779 and the Fund's investments portfolio was valued at $72,430,681. According to our YANG split history records, Direxion Shares Exchange Traded Fund Trust - Daily FTSE China Bear 3X 2018 has had 5 splits.
YANG split history picture
Direxion Shares Exchange Traded Fund Trust - Daily FTSE China Bear 3X 2018 (YANG) has 5 splits in our YANG split history database. The first split for YANG took place on April 02, 2013. This was a 1 for 5 reverse split, meaning for each 5 shares of YANG 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. YANG's second split took place on May 20, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of YANG owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 20 share position following the split. YANG's third split took place on March 24, 2016. This was a 4 for 1 split, meaning for each share of YANG owned pre-split, the shareholder now owned 4 shares. For example, a 20 share position pre-split, became a 80 share position following the split. YANG's 4th split took place on March 28, 2018. YANG's 5th split took place on March 29, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of YANG owned pre-split, the shareholder now owned 1 share. For example, a 80 share position pre-split, became a 8 share position following the split.

When a company such as Direxion Shares Exchange Traded Fund Trust - Daily FTSE China Bear 3X 2018 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. When a company such as Direxion Shares Exchange Traded Fund Trust - Daily FTSE China Bear 3X 2018 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 YANG split history from start to finish, an original position size of 1000 shares would have turned into 8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares Exchange Traded Fund Trust - Daily FTSE China Bear 3X 2018 shares, starting with a $10,000 purchase of YANG, presented on a split-history-adjusted basis factoring in the complete YANG split history. YANG split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 01/18/2012
End date: 01/14/2022
Start price/share: $1,780.00
End price/share: $17.64
Starting shares: 5.62
Ending shares: 5.74
Dividends reinvested/share: $1.08
Total return: -98.99%
Average Annual Total Return: -36.84%
Starting investment: $10,000.00
Ending investment: $101.15
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/18/2012
End date: 01/14/2022
Start price/share: $1,780.00
End price/share: $17.64
Dividends collected/share: $1.08
Total return: -98.95%
Average Annual Total Return: -36.59%
Starting investment: $10,000.00
Ending investment: $105.23
Years: 10.00
Date Ratio
04/02/20131 for 5
05/20/20151 for 10
03/24/20164 for 1
03/28/20181 for 1
03/29/20181 for 10
YANG 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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