Split History
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GASL (GASL) has 5 splits in our GASL split history database. The first split for GASL took place on May 20, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of GASL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. GASL's second split took place on October 01, 2015. This was a 1 for 5 reverse split, meaning for each 5 shares of GASL owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 20 share position following the split. GASL's third split took place on March 24, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of GASL owned pre-split, the shareholder now owned 1 share. For example, a 20 share position pre-split, became a 2 share position following the split. GASL's 4th split took place on June 28, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of GASL owned pre-split, the shareholder now owned 1 share. For example, a 2 share position pre-split, became a 0.4 share position following the split. GASL's 5th split took place on March 24, 2020. This was a 1 for 100 reverse split, meaning for each 100 shares of GASL owned pre-split, the shareholder now owned 1 share. For example, a 0.4 share position pre-split, became a 0.004 share position following the split.
When a company such as GASL 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 GASL split history from start to finish, an original position size of 1000 shares would have turned into 0.004 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GASL shares, starting with a $10,000 purchase of GASL, presented on a split-history-adjusted basis factoring in the complete GASL split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 03/27/2020 | ||
| Start price/share: | $12,075,000.00 | ||
| End price/share: | $6.34 | ||
| Starting shares: | 0.00 | ||
| Ending shares: | 0.00 | ||
| Dividends reinvested/share: | $5.00 | ||
| Total return: | -100.00% | ||
| Average Annual Total Return: | -91.31% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $0.01 | ||
| Years: | 5.92 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 03/27/2020 | ||
| Start price/share: | $12,075,000.00 | ||
| End price/share: | $6.34 | ||
| Dividends collected/share: | $5.00 | ||
| Total return: | -100.00% | ||
| Average Annual Total Return: | -90.42% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $0.01 | ||
| Years: | 5.92 | ||
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| About GASL |
| Direxion Shares Exchange Traded Fund Trust - Direxion Daily Natural Gas Related Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to ISE-Revere Natural Gas Index. As of Oct 31 2015, the Fund's total assets were $46,578,098 and the Fund's investments portfolio was valued at $34,462,990. According to our GASL split history records, GASL has had 5 splits. |
| GASL Split History Table | |
| Date | Ratio |
| 05/20/2015 | 1 for 10 |
| 10/01/2015 | 1 for 5 |
| 03/24/2016 | 1 for 10 |
| 06/28/2019 | 1 for 5 |
| 03/24/2020 | 1 for 100 |
| Financials Stock Splits |
| GASL is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
GASX Split History
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