Split History
GASX split history picture
GASX (GASX) has 3 splits in our GASX split history database. The first split for GASX took place on August 20, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of GASX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. GASX's second split took place on August 25, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of GASX owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split. GASX's third split took place on March 27, 2020. This was a 10 for 1 split, meaning for each share of GASX owned pre-split, the shareholder now owned 10 shares. For example, a 62.5 share position pre-split, became a 625 share position following the split.

When a company such as GASX 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 GASX 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 GASX split history from start to finish, an original position size of 1000 shares would have turned into 625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GASX shares, starting with a $10,000 purchase of GASX, presented on a split-history-adjusted basis factoring in the complete GASX split history. GASX split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 12/03/2015
End date: 03/27/2020
Start price/share: $16.32
End price/share: $16.00
Starting shares: 612.75
Ending shares: 621.06
Dividends reinvested/share: $0.04
Total return: -0.63%
Average Annual Total Return: -0.15%
Starting investment: $10,000.00
Ending investment: $9,935.43
Years: 4.32
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/03/2015
End date: 03/27/2020
Start price/share: $16.32
End price/share: $16.00
Dividends collected/share: $0.04
Total return: -1.69%
Average Annual Total Return: -0.39%
Starting investment: $10,000.00
Ending investment: $9,832.80
Years: 4.32
Direxion Shares Exchange Traded Fund Trust - China Bear 3X Cl is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to The Bank of New York Mellon China Select ADR® Index. As of Oct 31 2015, the Fund's total assets were $127,846,779 and the Fund's investments portfolio was valued at $72,430,681. According to our GASX split history records, GASX has had 3 splits.
Date Ratio
08/20/20131 for 4
08/25/20161 for 4
03/27/202010 for 1
GASX is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

GBCI Split History
GBDC Split History
GBL Split History
GBLI Split History
GBNK Split History
GCAP Split History
GCBC Split History
GDV Split History
GDXJ Split History
GEB Split History

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