Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (P:DRIP)
Business Focus: N/A
Feb 18, 2022 06:36 pm ET
Direxion Announces Reverse Splits of Two ETFs: DRIP & SOXS
NEW YORK, Feb. 18, 2022 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (Ticker: DRIP) and the Direxion Daily Semiconductor Bear 3X Shares (Ticker: SOXS) (each, a "Fund" and collectively, the "Funds"). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Jul 27, 2020 06:47 pm ET
Direxion Announces Reverse Splits of Six Daily Leveraged ETFs
NEW YORK, July 27, 2020 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Biotech Bear 3X Shares, Direxion Daily Semiconductor Bear 3X Shares, Direxion Daily Communication Services Index Bear 3X Shares, Direxion Daily Consumer Discretionary Bear 3X Shares, Direxion Daily Dow Jones Internet Bear 3X Shares, and the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (each, a "Fund" and collectively, the "Funds"). The total market value of the shares outstanding will not be affected as a res
Apr 01, 2020 08:35 am ET
Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
NEW YORK, April 1, 2020 /PRNewswire/ -- The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Mar 31, 2020 08:33 am ET
Ten Funds Underexposed at Market Open
NEW YORK, March 31, 2020 /PRNewswire/ -- Due to recent market volatility and related developments, 10 funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 31, 2020, only.
Mar 27, 2020 04:42 pm ET
Direxion Expedites the Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
NEW YORK, March 27, 2020 /PRNewswire/ -- The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Mar 20, 2020 04:46 pm ET
Direxion Changes Objectives Of Ten Leveraged Funds To Address Extreme Market Conditions, While Also Closing Eight Funds Due to Limited Interest Since Launch
NEW YORK, March 20, 2020 /PRNewswire/ -- Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.
Mar 19, 2020 06:44 pm ET
Direxion Announces Forward and Reverse Splits of Four ETFs
NEW YORK, March 19, 2020 /PRNewswire/ -- Direxion has announced it will execute forward share splits for two of its exchange-traded funds ("ETFs"), as well as reverse share splits for an additional two ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
May 24, 2019 08:25 pm ET
Direxion Announces Reverse Splits of Eight ETFs
NEW YORK, May 24, 2019 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Small Cap Bear 3X Shares, Direxion Daily Financial Bear 3X Shares, Direxion Daily S&P Oil & Gas Exp. & Prod.Bear 3X Shares, Direxion Daily Natural Gas Related Bull 3X Shares, Direxion Daily Junior Gold Miners Index Bull 3X Shares, Direxion Daily Daily MSCI Real Estate Bear 3X Shares and the Direxion Daily Semiconductor Bear 3X Shares (each a "Fund" and collectively the "Funds"). The total ma
Aug 23, 2016 09:25 pm ET
Reminder: Direxion to Execute Reverse and Forward Share Splits of Nine Leveraged ETFs
NEW YORK, Aug. 23, 2016 /PRNewswire/ -- Direxion will execute the previously announced reverse share splits for four of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another five leveraged ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Jul 26, 2016 06:52 pm ET
Direxion Announces Reverse and Forward Share Splits of Nine Leveraged ETFs
NEW YORK, July 26, 2016 /PRNewswire/ -- Direxion has announced it will execute reverse share splits for four of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another five leveraged ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Mar 22, 2016 06:00 pm ET
Reminder: Direxion Announces Reverse and Forward Share Splits of Ten Leveraged ETFs
NEW YORK, March 22, 2016 /PRNewswire/ -- Direxion will execute the previously announced reverse share splits for eight of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another two leveraged ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined in the original announcement.
Feb 19, 2016 06:11 pm ET
Direxion Announces Reverse and Forward Share Splits of Ten Leveraged ETFs
NEW YORK, Feb. 19, 2016 /PRNewswire/ -- Direxion has announced it will execute reverse share splits for eight of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another two leveraged ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
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