Direxion has announced it will execute reverse share splits for 8 of its leveraged ETFs, effective at the open of the market on March 24, 2016:
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH) | 1:10 |
Direxion Daily Natural Gas Related Bull 3X Shares (GASL) | 1:10 |
Direxion Daily India Bull 3X Shares (INDL) | 1:4 |
Direxion Daily S&P Biotech Bull 3X Shares (LABU) | 1:4 |
Direxion Daily Brazil Bull 3X Shares (BRZU) | 1:4 |
Direxion Daily Latin America Bull 3X Shares (LBJ) | 1:4 |
Direxion Daily Emerging Markets Bull 3X Shares (EDC) | 1:4 |
Direxion Daily Russia Bull 3X Shares (RUSL) | 1:4 |
as well as forward share splits for another 2 leveraged ETFs, effective at the open of the market on March 24, 2016:
Direxion Daily FTSE China Bear 3X Shares (YANG) | 4 for 1 |
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) | 4 for 1 |
See press release here: http://www.direxioninvestments.com/press-release/direxion-announces-reverse-and-forward-share-splits-of-ten-leveraged-etfs