{"id":4327,"date":"2020-12-04T17:20:00","date_gmt":"2020-12-04T17:20:00","guid":{"rendered":"http:\/\/wordpress.hdnweb.com\/2020\/12\/04\/direxion-announces-forward-and-reverse-splits-of-four-etfs\/"},"modified":"2020-12-04T17:20:00","modified_gmt":"2020-12-04T17:20:00","slug":"direxion-announces-forward-and-reverse-splits-of-four-etfs","status":"publish","type":"post","link":"https:\/\/wordpress3.hdnweb.com\/en\/2020\/12\/04\/direxion-announces-forward-and-reverse-splits-of-four-etfs\/","title":{"rendered":"Direxion Announces Forward and Reverse Splits of Four ETFs"},"content":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 4, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Direxion has announced it will execute forward share splits for two of its exchange-traded funds (&#8220;ETFs&#8221;), 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.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1014755\/Direxion_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1014755\/Direxion_Logo.jpg\" title=\"Direxion (PRNewsfoto\/Direxion)\" alt=\"Direxion (PRNewsfoto\/Direxion)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p><b>Forward Splits<\/b><\/p>\n<p>Direxion will execute a forward split of the issued and outstanding shares of the Direxion Daily Robotics, Artificial Intelligence, &amp; Automation Index Bull 2X Shares and the Direxion Daily Retail Bull 3X Shares (each, a &#8220;Fund&#8221; and collectively, the &#8220;Funds&#8221;).<\/p>\n<p>After the close of the markets on <span class=\"xn-chron\">January 8, 2021<\/span> (the &#8220;Payable Date&#8221;) the funds affecting forward splits of their issued and outstanding shares as follows:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Fund Name<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Ticker<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Forward Split Ratio<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Approximate increase in total number of outstanding shares<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direxion Daily Robotics, Artificial Intelligence, &amp; Automation Index Bull 2X Shares<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">UBOT<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5 for 1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">400%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direxion Daily Retail Bull 3X Shares<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">RETL<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5 for 1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">400%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>As a result of these share splits, shareholders of each Fund will receive five shares for each share held of the applicable Fund as indicated in the table above. Accordingly, the number of each Fund&#8217;s issued and outstanding shares will increase by the approximate percentage indicated above. <\/p>\n<p>All share splits will apply to shareholders of record as of the close of NYSE Arca, Inc. (the &#8220;NYSE Arca&#8221;) on <span class=\"xn-chron\">January 7, 2021<\/span> (the &#8220;Record Date&#8221;), payable after the close of the NYSE Arca on the Payable Date, <span class=\"xn-chron\">January 8, 2021<\/span>. \u00a0Shares of the Funds will begin trading on the NYSE Arca on a split-adjusted basis on <span class=\"xn-chron\">January 11, 2021<\/span> (the &#8220;Ex-Date&#8221;). On the Ex-Date, the opening market value of each Fund&#8217;s issued and outstanding shares, and thus a shareholder&#8217;s investment value, will not be affected by the share split. However, the per share net asset value (&#8220;NAV&#8221;) and opening market price on the Ex-Date will be approximately one-fifth for the Funds. The table below illustrates the effect of a hypothetical five-for-one stock split on a shareholder&#8217;s investment.<\/p>\n<p><b>5-for-1 Forward Split<\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Period<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b># of Shares Owned<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Hypothetical NAV<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Market Value<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Pre-Split<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$50<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$500<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Post-Split<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$10<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$500<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>The forward share splits will not result in a taxable transaction for holders of the Funds&#8217; shares. No transaction fees will be imposed on shareholders in connection with the share splits.<\/p>\n<p><b>Reverse Splits<\/b><\/p>\n<p>Direxion will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&amp;P 500<sup>\u00ae<\/sup> High Beta Bear 3X Shares and the Direxion Daily S&amp;P 500<sup>\u00ae<\/sup> Bear 3X Shares (each, a &#8220;Fund&#8221; and collectively, the &#8220;Funds&#8221;).<\/p>\n<p>After the close of the markets on <span class=\"xn-chron\">January 8, 2021<\/span> the funds affecting forward splits of their issued and outstanding shares as follows:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Fund Name<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Reverse Split Ratio<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Approximate decrease in total number of outstanding shares<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direxion Daily S&amp;P 500<sup>\u00ae<\/sup> High Beta Bear 3X Shares<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1 for 20<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">95%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direxion Daily S&amp;P 500<sup>\u00ae<\/sup> Bear 3X Shares<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1 for 10<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">90%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Please note the CUSIP changes, effective <span class=\"xn-chron\">January 11, 2021<\/span>:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Fund Name<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Ticker<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current CUSIP<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>New CUSIP<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direxion Daily S&amp;P 500<sup>\u00ae<\/sup> High Beta Bear 3X Shares<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">HIBS<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25460E331<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25460E257<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Direxion Daily S&amp;P 500<sup>\u00ae<\/sup> Bear 3X Shares<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">SPXS<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25460E885<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25460E265<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>As a result of these reverse splits, every twenty or ten shares of a Fund will be exchanged for one share as indicated in the table above. Accordingly, the total number of the issued and outstanding shares for a Fund will decrease by the approximate percentage indicated above. In addition, the per share net asset value (&#8220;NAV&#8221;) and next day&#8217;s opening market price will be approximately twenty- or ten-times higher for the Funds. Shares of the Funds will begin trading on the NYSE Arca, Inc. (the &#8220;NYSE Arca&#8221;) on a split-adjusted basis on <span class=\"xn-chron\">January 11, 2021<\/span>. <\/p>\n<p>The next day&#8217;s opening market value of the Funds&#8217; issued and outstanding shares, and thus a shareholder&#8217;s investment value, will not be affected by the reverse splits. The tables below illustrate the effect of a hypothetical one-for-twenty or one-for-ten reverse split anticipated for the Funds:<\/p>\n<p><b>1-for-20 Reverse Split<\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Period<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b># of Shares Owned<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Hypothetical NAV<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Market Value<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Pre-Split<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$10<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$1,000<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Post-Split<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$200<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$1,000<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>1-for-10 Reverse Split<\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Period<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b># of Shares Owned<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Hypothetical NAV<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Market Value<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Pre-Split<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$10<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$1,000<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Post-Split<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$100<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$1,000<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>Redemption of Fractional Shares and Tax Consequences of the Reverse Split<\/b><\/p>\n<p>As a result of the reverse splits, a shareholder of a Fund&#8217;s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, a Fund will redeem for cash a shareholder&#8217;s fractional shares at the Fund&#8217;s split-adjusted NAV as of the Record Date. Such redemption may have tax implications for those shareholders and a shareholder could recognize a gain or loss in connection with the redemption of the shareholder&#8217;s fractional shares. Otherwise, the reverse splits will not result in a taxable transaction for holders of Fund shares. No transaction fee will be imposed on shareholders for such redemption.<\/p>\n<p><b>&#8220;Odd Lot&#8221; Unit<\/b><\/p>\n<p>Also as a result of the reverse splits, a Fund may have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an &#8220;odd lot unit.&#8221; Thus, a Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit.<\/p>\n<p>The Trust&#8217;s transfer agent will notify the Depository Trust Company (&#8220;DTC&#8221;) of the splits and instruct DTC to adjust each shareholder&#8217;s investment(s) accordingly. DTC is the registered owner of the Funds&#8217; shares and maintains a record of the Funds&#8217; record owners.<\/p>\n<p><b><u>About Direxion:<\/u><\/b><\/p>\n<p>Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion&#8217;s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately <span class=\"xn-money\">$16.7 billion<\/span> in assets under management as of <span class=\"xn-chron\">September 30, 2020<\/span>. For more information, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3002918-1&amp;h=1997566565&amp;u=http%3A%2F%2Fwww.direxion.com%2F&amp;a=www.direxion.com\" rel=\"nofollow\">www.direxion.com<\/a>. <\/p>\n<p><i>There is no guarantee that the Funds will achieve their investment objectives.<\/i><\/p>\n<p><i>For more information on all Direxion Shares daily leveraged ETFs, go to direxion.com, or call us at 866.301.9214.<\/i><\/p>\n<p>Leveraged ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.<\/p>\n<p><b><i>An investor should carefully consider a Fund&#8217;s investment objective, risks, charges, and expenses before investing. A Fund&#8217;s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund&#8217;s prospectus and summary prospectus call 866-716-0735 or visit our website at direxion.com. A Fund&#8217;s prospectus and summary prospectus should be read carefully before investing.<\/i><\/b><\/p>\n<p><b>Direxion Shares Risks\u00a0&#8211; <\/b>An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF&#8217;s investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus.<\/p>\n<p><b>Distributor:\u00a0Foreside\u00a0Fund\u00a0Services,\u00a0LLC.<\/b><\/p>\n<p>CONTACT:\u00a0James Doyle\u00a0<br \/>\u00a0JConnelly\u00a0<br \/>\u00a0973.850.7308\u00a0<br \/>\u00a0<a target=\"_blank\" href=\"mailto:jdoyle@jconnelly.com\" rel=\"nofollow\">jdoyle@jconnelly.com<\/a> <\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY13521&amp;sd=2020-12-04\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/direxion-announces-forward-and-reverse-splits-of-four-etfs-301186748.html\">http:\/\/www.prnewswire.com\/news-releases\/direxion-announces-forward-and-reverse-splits-of-four-etfs-301186748.html<\/a><\/p>\n<p>SOURCE  Direxion<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 4, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Direxion has announced it will execute forward share splits for two of its exchange-traded funds (&#8220;ETFs&#8221;), 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.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        &lt;a&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-4327","post","type-post","status-publish","format-standard","hentry","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Direxion Announces Forward and Reverse Splits of Four ETFs - HDN<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Direxion Announces Forward and Reverse Splits of Four ETFs - HDN\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 4, 2020 \/PRNewswire\/ --\u00a0Direxion has announced it will execute forward share splits for two of its exchange-traded funds (&quot;ETFs&quot;), 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.                        &lt;a...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress3.hdnweb.com\/2020\/12\/04\/direxion-announces-forward-and-reverse-splits-of-four-etfs\/\" \/>\n<meta property=\"og:site_name\" content=\"HDN\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T17:20:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1014755\/Direxion_Logo.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Direxion Announces Forward and Reverse Splits of Four ETFs\",\"datePublished\":\"2020-12-04T17:20:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/\"},\"wordCount\":1321,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1014755\\\/Direxion_Logo.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/\",\"url\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/12\\\/04\\\/direxion-announces-forward-and-reverse-splits-of-four-etfs\\\/\",\"name\":\"Direxion Announces Forward and Reverse Splits of Four ETFs - 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