Direxion to Reverse Split 7 ETFs, Forward Split Two
July 25, 2013 at 08:20 AM EDT
Direxion, one of the largest issuers of inverse and leveraged ETFs, announced Wednesday that two of the firm’s high-flying triple-leveraged funds will be split while seven of its ETFs will undergo reverse splits. In March, Direxion announced forward and reverse splits for 16 of its ETFs. The two...