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Direxion, a pioneer in providing alternative investment strategies to sophisticated investors, will execute a 1-for-5 reverse split of the shares of the Direxion Daily Financial Bear 3x Shares
Direxion, a pioneer in providing alternative investment strategies to sophisticated investors, announced today it will execute a 1-for-5 reverse split of the shares of the Direxion Daily Financial
While 2010 has to date been a relatively flat year for the developed market indices and some of the emerging markets are up big, like the Colombia stock market, there has definitely been some
“We frequently highlight the benefits of leveraged “reverse” ETFs for bearish investors. Certainly, the UltraShort Dow30 ProShares (NYSE:DXD), UltraShort S&P500 ProShares (NYSE:SDS), and
Direxion Daily Mid Cap Bear 3X Shares (MWN), whose investment strategy to replicate, net of expenses, 300% of the inverse daily performance of the Russell MidCap Index, executed a 1-for-2 reverse split after the closing of the markets on Wednesday, June 24, 2009. MWN shares began trading on a split-adjusted basis on This morning. As a result
Direxion an ETF sponsor that offers 3X leveraged index funds, announced today that they will execute a reverse split for an ETF. This will be one of the first of it’s kind for an ETF. Leveraged ETF’s have become popular in the market as it allows investors to use leverage on a fund without margin.