Direxion Announces Reverse, Forward Splits for 16 ETFs
March 01, 2013 at 16:52 PM EST
Direxion, the second-largest sponsor of leveraged and inverse ETFs, said today it will reverse split eight of its leveraged funds while another eight will see more traditional share splits, also known as forward splits. The reverse splits will go into effect after the close of trading on Monday April 1. Among