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Reverse split planeed for Direxion Shares Daily Financial Bull (FAS/FAZ)

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-08-09 08:40 AM
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Reverse split planeed for Direxion Shares Daily Financial Bull (FAS/FAZ)

The combination of market volatility and the methodology of Direxion Shares Daily Financial Bull(FAS Quote) ETF and Direxion Shares Daily Financial Bear(FAZ Quote) has eroded the per-share value of these ETFs, prompting the issuer to notify investors of reverse splits planned for July 8.

http://www.thestreet.com/_yahoo/story/10535685/1/split-could-set-straight-two-direxion-etfs.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
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