Direxion has announced it will execute reverse share splits for 2 of its leveraged exchange-traded funds.

Direxion will execute a 1-for-10 reverse split of the shares of the Direxion Daily Gold Miners Index Bear 3X Shares (DUST) and Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST), effective at the open of the market on May 18, 2016.