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��LR$gvޯ�x�A�|��x��@į^���}���V,c��+-b��3͵��[��$��[{��[���|qz����X(ab���6����p�돩�,�}�β����֗���-N�lo�������`�&qx�/�Ҋ �$��B�p�DQ���^F��L��ʴ'.��yO8&]L?8Z.3#��pt\8���=�r�h�L{�1�G�J��-�.�Y�m�3! DIREXION DAILY S&P BIOTECH BEAR 3X SHARES - REVERSE SPLIT OPTION SYMBOL: LABD NEW SYMBOL: LABD1 All quotes are in local exchange time. LABD.
Direxion Daily S&P Biotech Bear 3X Shares (LABD) has announced a 1-for-20 reverse stock split. By using this site you agree to the
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To obtain a Fund's prospectus and summary prospectus call 866-716-0735 or visit our website at direxion.com.
"Odd Lot" Unit Also as a result of the reverse split, a Fund may have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an "odd lot unit."
--Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Biotech ... LABD. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. The split ex-date is the date the stock starts trading at the new adjusted split price. Copyright © 2020 MarketWatch, Inc. All rights reserved.
25460E182.
LABD. DTC is the registered owner of the Funds' shares and maintains a record of the Funds' record owners. Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD)’s stock is going to reverse split on the morning of Friday, August 28th. View original content:http://www.prnewswire.com/news-releases/direxion-announces-reverse-splits-of-six-daily-leveraged-etfs-301100605.html, Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. See Direxion Daily S&P Biotech Bear 3x Shares ETF (LABD) history of stock splits. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. For more information on all Direxion Shares daily leveraged ETFs, go to direxion.com, or call us at 866.301.9214. OCC endobj ... Redemption of Fractional Shares and Tax Consequences for the Reverse Split �2x��J�d?���^����^�d��^���1ICPHrŏ�(��m$[��8�m��`���DCH�GP��l�����hiU���/�F_�P��5�7 sOa�v!F;��@q���� yDl�:K-b*�i�"�/�F��P��ܴ��2��fy>��*yZ, DIREXION DAILY S&P BIOTECH BEAR 3X SHARES - REVERSE SPLIT OPTION SYMBOL: LABD NEW SYMBOL: LABD1. <>stream 25460E539. 7 0 obj In addition, the per share net asset value ("NAV") and next day's opening market price will be approximately twenty-, twelve-, or ten-times higher for the Funds. After the close of the markets on August 27, 2020, the Funds will affect reverse splits of their issued and outstanding shares as follows: Approximate decrease in total number of outstanding shares, Direxion Daily S&P Biotech Bear 3X Shares, Direxion Daily Semiconductor Bear 3X Shares, Direxion Daily Communication Services Index Bear 3X Shares, Direxion Daily Consumer Discretionary Bear 3X Shares, Direxion Daily Dow Jones Internet Bear 3X Shares, Direxion Daily S&P Oil & Gas Exp. )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. A shareholder's investment value, will not be affected by the reverse split. 1 0 obj LABD Fund Description. A shareholder could recognize a gain or loss in connection with the redemption of the shareholder's fractional shares. %PDF-1.7 LABD Factset Analytics Insight. Direxion Announces Reverse Splits of Six Daily Leveraged ETFs PR Newswire NEW YORK, July 27, 2020 NEW YORK, July 27, 2020 /PRNewswire/ -- Direxion has announced it will execute a reverse split … Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. 25460E539. Also as a result of the reverse split, a Fund may have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, a Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit after the split-adjusted NAV is struck on August 28, 2020.
Intraday data delayed at least 15 minutes or per exchange requirements. 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 below. 2 0 obj Yes! Founded in 1997, the company has approximately $17 billion in assets under management as of June 30, 2020. Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. 25460E539. 25460E539. If the price was at $90 and the split is two-for-one, the price is halved to $45.
Please note the CUSIP changes, effective August 28, 2020: As a result of these reverse splits, every twenty, twelve or ten shares of a Fund will be exchanged for one share as indicated in the table above. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Historical and current end-of-day data provided by FACTSET. Intraday Data provided by FACTSET and subject to terms of use.
For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus. 25460G690. <> The holder of an option contract will have the same number of contracts with an increase in strike price based on the reverse split value.
& Prod. 15 0 obj ... As a result of the reverse split, a shareholder … endstream © 2020, Nasdaq, Inc. All Rights Reserved. 25460G716. A Fund's prospectus and summary prospectus contain this and other information about the Direxion Shares.
The ETFs are non-diversified and include risks associated with concentration that results from an ETF's investments in a particular industry or sector which can increase volatility. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/MediaBox[0 0 612 792]/Contents 15 0 R/Group<>/Tabs/S/StructParents 0>> endobj
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