Repricing split
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.
Market is closed tomorrow so we may have to wait till monday for our updated pricing in the mean time you can track IBB as a measure as they correlate.
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