Split History
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Direxion Shares Exchange Traded Fund Trust - Daily Energy Bear 2X Shares (ERY) has 5 splits in our ERY split history database. The first split for ERY took place on July 08, 2010. This was a 1 for 5 reverse split, meaning for each 5 shares of ERY 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. ERY's second split took place on April 02, 2013. This was a 1 for 6 reverse split, meaning for each 6 shares of ERY owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 33.3333333333333 share position following the split. ERY's third split took place on March 28, 2018. ERY's 4th split took place on March 29, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of ERY owned pre-split, the shareholder now owned 1 share. For example, a 33.3333333333333 share position pre-split, became a 6.66666666666667 share position following the split. ERY's 5th split took place on May 31, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of ERY owned pre-split, the shareholder now owned 1 share. For example, a 6.66666666666667 share position pre-split, became a 0.666666666666667 share position following the split.
When a company such as Direxion Shares Exchange Traded Fund Trust - Daily Energy 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 ERY split history from start to finish, an original position size of 1000 shares would have turned into 0.666666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares Exchange Traded Fund Trust - Daily Energy Bear 2X Shares shares, starting with a $10,000 purchase of ERY, presented on a split-history-adjusted basis factoring in the complete ERY split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/19/2024 | ||
| Start price/share: | $809.50 | ||
| End price/share: | $21.56 | ||
| Starting shares: | 12.35 | ||
| Ending shares: | 13.39 | ||
| Dividends reinvested/share: | $12.68 | ||
| Total return: | -97.11% | ||
| Average Annual Total Return: | -29.85% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $288.59 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/19/2024 | ||
| Start price/share: | $809.50 | ||
| End price/share: | $21.56 | ||
| Dividends collected/share: | $12.68 | ||
| Total return: | -95.77% | ||
| Average Annual Total Return: | -27.12% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $422.75 | ||
| Years: | 10.00 | ||
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| About Direxion Shares Exchange Traded Fund Trust - Daily Energy Bear 2X Shares |
| Direxion Shares Exchange Traded Fund Trust - Daily Energy Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russel 1000® Energy Index. As of Oct 31 2015, the Fund's total assets were $91,849,132 and the Fund's investments portfolio was valued at $49,281,794. According to our ERY split history records, Direxion Shares Exchange Traded Fund Trust - Daily Energy Bear 2X Shares has had 5 splits. |
| ERY Split History Table | |
| Date | Ratio |
| 07/08/2010 | 1 for 5 |
| 04/02/2013 | 1 for 6 |
| 03/28/2018 | 1 for 1 |
| 03/29/2018 | 1 for 5 |
| 05/31/2022 | 1 for 10 |
| Financials Stock Splits |
| ERY is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
ESBF Split History
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