Split History
LBJ split history picture
Direxion Shares ETF Trust - Daily Latin America Bull 2X Shs (LBJ) has 6 splits in our LBJ split history database. The first split for LBJ took place on November 10, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of LBJ 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. LBJ's second split took place on April 02, 2013. This was a 2 for 1 split, meaning for each share of LBJ owned pre-split, the shareholder now owned 2 shares. For example, a 200 share position pre-split, became a 400 share position following the split. LBJ's third split took place on May 20, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of LBJ owned pre-split, the shareholder now owned 1 share. For example, a 400 share position pre-split, became a 100 share position following the split. LBJ's 4th split took place on March 24, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of LBJ owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 25 share position following the split. LBJ's 5th split took place on May 01, 2017. This was a 4 for 1 split, meaning for each share of LBJ owned pre-split, the shareholder now owned 4 shares. For example, a 25 share position pre-split, became a 100 share position following the split. LBJ's 6th split took place on March 27, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of LBJ owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 5 share position following the split.

When a company such as Direxion Shares ETF Trust - Daily Latin America Bull 2X Shs 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 Latin America Bull 2X Shs 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 LBJ split history from start to finish, an original position size of 1000 shares would have turned into 5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares ETF Trust - Daily Latin America Bull 2X Shs shares, starting with a $10,000 purchase of LBJ, presented on a split-history-adjusted basis factoring in the complete LBJ split history. LBJ split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 12/09/2011
End date: 12/07/2021
Start price/share: $3,500.80
End price/share: $55.53
Starting shares: 2.86
Ending shares: 2.98
Dividends reinvested/share: $46.08
Total return: -98.34%
Average Annual Total Return: -33.63%
Starting investment: $10,000.00
Ending investment: $165.66
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/09/2011
End date: 12/07/2021
Start price/share: $3,500.80
End price/share: $55.53
Dividends collected/share: $46.08
Total return: -97.10%
Average Annual Total Return: -29.80%
Starting investment: $10,000.00
Ending investment: $290.37
Years: 10.00
Direxion Shares Exchange Traded Fund Trust - Latin America Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the S&P Latin America 40 Index. As of Oct 31 2015, the Fund's total assets were $11,648,014 and the Fund's investments portfolio was valued at $8,726,723. According to our LBJ split history records, Direxion Shares ETF Trust - Daily Latin America Bull 2X Shs has had 6 splits.
Date Ratio
11/10/20111 for 5
04/02/20132 for 1
05/20/20151 for 4
03/24/20161 for 4
05/01/20174 for 1
03/27/20201 for 20
LBJ is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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