Stock Split History
Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs stock split history picture
Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs (FAS) has 5 splits in our Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs stock split history database. The first split for FAS took place on July 09, 2009. This was a 1 for 5 reverse split, meaning for each 5 shares of FAS 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. FAS's second split took place on May 05, 2010. This was a 3 for 1 split, meaning for each share of FAS owned pre-split, the shareholder now owned 3 shares. For example, a 200 share position pre-split, became a 600 share position following the split. FAS's third split took place on November 10, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of FAS owned pre-split, the shareholder now owned 1 share. For example, a 600 share position pre-split, became a 120 share position following the split. FAS's 4th split took place on April 02, 2013. This was a 3 for 1 split, meaning for each share of FAS owned pre-split, the shareholder now owned 3 shares. For example, a 120 share position pre-split, became a 360 share position following the split. FAS's 5th split took place on May 20, 2015. This was a 4 for 1 split, meaning for each share of FAS owned pre-split, the shareholder now owned 4 shares. For example, a 360 share position pre-split, became a 1440 share position following the split.

When a company such as Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs 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 Financial Bull 3X Shs 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 Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs stock split history from start to finish, an original position size of 1000 shares would have turned into 1440 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs shares, starting with a $10,000 purchase of FAS, presented on a split-history-adjusted basis factoring in the complete Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs stock split history. Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 03/31/2014
End date: 03/27/2024
Start price/share: $23.67
End price/share: $110.76
Starting shares: 422.48
Ending shares: 454.09
Dividends reinvested/share: $4.86
Total return: 402.95%
Average Annual Total Return: 17.54%
Starting investment: $10,000.00
Ending investment: $50,311.19
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 03/31/2014
End date: 03/27/2024
Start price/share: $23.67
End price/share: $110.76
Dividends collected/share: $4.86
Total return: 388.48%
Average Annual Total Return: 17.19%
Starting investment: $10,000.00
Ending investment: $48,833.38
Years: 10.00
Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russell 1000® Index. As of Oct 31 2015, the Fund's total assets were $1,576,887,024 and the Fund's investments portfolio was valued at $888,245,837. According to our Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs stock split history records, Direxion Shares Exchange Traded Fund Trust - Daily Financial Bull 3X Shs has had 5 splits.
Date Ratio
07/09/20091 for 5
05/05/20103 for 1
11/10/20111 for 5
04/02/20133 for 1
05/20/20154 for 1
FAS 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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