Finally, Direxion Funds announces reverse splits on ETFs

Effective August 27:

Direxion Daily S&P Biotech Bear 3X Shares

1 for 20

Direxion Daily Semiconductor Bear 3X Shares

1 for 12

Direxion Daily Communication Services Index Bear 3X Shares

1 for 10

Direxion Daily Consumer Discretionary Bear 3X Shares

1 for 10

Direxion Daily Dow Jones Internet Bear 3X Shares

1 for 10

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

1 for 10

 

Thanks, that's good news for daytraders because it'll mean wider ranges to trade within.

 

And not the S&P 500 3X Bear? That one's trading at $6.XX. Are they trying to drive it to $0?

 

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LOL They are either bullish on it/LOL;
or a more likely scenario, waiting until it gets about like ERX/$1.40 + split it to $14.

 

OMG!! Let's just hope it's the latter scenario. LOL

 

I wish they would do a split of their 3 digit ETFs like SOXL, JNUG, etc. Its hard to take profits if you have a small account (like my Roth IRA).

 

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Premarket 8;18 cst/ spy inverse going to $14.Thats the direction anyway/LOL.But since spy related futs went down + spy cash is only down about--0.42 %/have to wait till the close to know for sure/LOL...…………………………………………………………………………………………………….