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 Video: What is a Stock Split?
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| Direxion Shares Exchange Traded Fund Trust - Daily Technology Bull 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russell 1000® Technology Index. As of Oct 31 2015, the Fund's total assets were $246,966,942 and the Fund's investments portfolio was valued at $116,155,584. According to our Direxion Shares ETF Trust - Daily Tech Bull 3X Shs stock split history records, Direxion Shares ETF Trust - Daily Tech Bull 3X Shs has had 2 splits. | |
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Direxion Shares ETF Trust - Daily Tech Bull 3X Shs (TECL) has 2 splits in our Direxion Shares ETF Trust - Daily Tech Bull 3X Shs stock split history database. The first split for TECL took place on May 20, 2015. This was a 4 for 1 split, meaning for each share of TECL owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. TECL's second split took place on March 02, 2021. This was a 10 for 1 split, meaning for each share of TECL owned pre-split, the shareholder now owned 10 shares. For example, a 4000 share position pre-split, became a 40000 share position following the split.
When a company such as Direxion Shares ETF Trust - Daily Tech Bull 3X Shs splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Direxion Shares ETF Trust - Daily Tech Bull 3X Shs stock split history from start to finish, an original position size of 1000 shares would have turned into 40000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Direxion Shares ETF Trust - Daily Tech Bull 3X Shs shares, starting with a $10,000 purchase of TECL, presented on a split-history-adjusted basis factoring in the complete Direxion Shares ETF Trust - Daily Tech Bull 3X Shs stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$2.37 |
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| End price/share: |
$66.56 |
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| Starting shares: |
4,219.41 |
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| Ending shares: |
4,330.15 |
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| Dividends reinvested/share: |
$0.95 |
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| Total return: |
2,782.15% |
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| Average Annual Total Return: |
39.96% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$288,163.74 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$2.37 |
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| End price/share: |
$66.56 |
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| Dividends collected/share: |
$0.95 |
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| Total return: |
2,748.52% |
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| Average Annual Total Return: |
39.80% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$284,887.28 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/20/2015 | 4 for 1 | | 03/02/2021 | 10 for 1 |
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