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Direxion Shares executes reverse share split of six ETFs

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Direxion is to execute a 1-for-5 reverse split of the shares of the Direxion Daily Real Estate Bear 3x Shares (DRV), Direxion Daily Emerging Markets Bull 3x Shares (EDC), Direxion Daily Financial Bull 3x Shares (FAS), Direxion Daily Latin America Bull 3x Shares (LBJ), and Direxion Daily 20+ Year Treasury Bear 3x Shares (TMV) for shareholders of record after the close of the markets on 9 November, 2011.

Additionally, the firm will execute a 1-for-3 reverse split of the shares of the Direxion Daily Russia Bull 3x Shares (RUSL) for shareholders of record after the close of the markets on 9 November, 2011.

The reverse split for the six ETFs was previously announced on 3 October, 2011.

 

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