Split History
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Direxion Shares ETF Trust - Daily S&P Oil and Gas Exp. and Prod. Bear 2X Shares (DRIP) has 6 splits in our DRIP split history database. The first split for DRIP took place on March 24, 2016. This was a 4 for 1 split, meaning for each share of DRIP owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. DRIP's second split took place on August 25, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of DRIP owned pre-split, the shareholder now owned 1 share. For example, a 4000 share position pre-split, became a 800 share position following the split. DRIP's third split took place on June 28, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of DRIP owned pre-split, the shareholder now owned 1 share. For example, a 800 share position pre-split, became a 160 share position following the split. DRIP's 4th split took place on March 27, 2020. This was a 12 for 1 split, meaning for each share of DRIP owned pre-split, the shareholder now owned 12 shares. For example, a 160 share position pre-split, became a 1920 share position following the split. DRIP's 5th split took place on August 28, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of DRIP owned pre-split, the shareholder now owned 1 share. For example, a 1920 share position pre-split, became a 192 share position following the split. DRIP's 6th split took place on March 28, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of DRIP owned pre-split, the shareholder now owned 1 share. For example, a 192 share position pre-split, became a 19.2 share position following the split.
When a company such as Direxion Shares ETF Trust - Daily S&P Oil and Gas Exp. and Prod. Bear 2X Shares 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 ETF Trust - Daily S&P Oil and Gas Exp. and Prod. Bear 2X 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 DRIP split history from start to finish, an original position size of 1000 shares would have turned into 19.2 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares ETF Trust - Daily S&P Oil and Gas Exp. and Prod. Bear 2X Shares shares, starting with a $10,000 purchase of DRIP, presented on a split-history-adjusted basis factoring in the complete DRIP split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 06/03/2015 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $2,094.00 | ||
| End price/share: | $9.03 | ||
| Starting shares: | 4.78 | ||
| Ending shares: | 5.17 | ||
| Dividends reinvested/share: | $9.48 | ||
| Total return: | -99.53% | ||
| Average Annual Total Return: | -45.35% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $46.69 | ||
| Years: | 8.88 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 06/03/2015 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $2,094.00 | ||
| End price/share: | $9.03 | ||
| Dividends collected/share: | $9.48 | ||
| Total return: | -99.12% | ||
| Average Annual Total Return: | -41.28% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $88.37 | ||
| Years: | 8.88 | ||
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| About Direxion Shares ETF Trust - Daily S&P Oil and Gas Exp. and Prod. Bear 2X Shares |
| Direxion Shares Exchange Traded Fund Trust - Daily S&P Oil & Gas Exploration & Production Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the S&P Oil & Gas Exploration & Production Select Industry Index. As of Oct 31 2015, the Fund's total assets were $37,474,568 and the Fund's investments portfolio was valued at $8,730,089. According to our DRIP split history records, Direxion Shares ETF Trust - Daily S&P Oil and Gas Exp. and Prod. Bear 2X Shares has had 6 splits. |
| DRIP Split History Table | |
| Date | Ratio |
| 03/24/2016 | 4 for 1 |
| 08/25/2016 | 1 for 5 |
| 06/28/2019 | 1 for 5 |
| 03/27/2020 | 12 for 1 |
| 08/28/2020 | 1 for 10 |
| 03/28/2022 | 1 for 10 |
| Financials Stock Splits |
| DRIP is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
DRL Split History
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