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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) Stock Split History

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares has split its stock 6 times since its initial public offering (IPO). The first stock split occurred on March 24, 2016 with the ratio of 4-for-1, meaning that for 1 share of DRIP owned pre-split, shareholders then owned 4 shares. 5 more splits have been implemented since then. The most recent stock split took place on March 28, 2022 on a 1-for-10 basis.

These splits have increased DRIP stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's total market capitalization.

For more detailed information of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's stock splits, view the table below:

DRIP stock split list

Date Split Ratio
2022-03-28 1 - for - 10
2020-08-28 1 - for - 10
2020-03-27 12 - for - 1
2019-06-28 1 - for - 5
2016-08-25 1 - for - 5
2016-03-24 4 - for - 1

Will Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when DRIP stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol Latest Split Date Split Ratio
VTI 2008-06-18 2 - for - 1
QQQ 2000-03-20 2 - for - 1
IJH 2024-02-22 5 - for - 1
VWO 2008-06-18 2 - for - 1
IJR 2017-01-19 2 - for - 1
IAU 2021-05-24 1 - for - 2
exchange_traded_fund VTV
$156.03
price up icon 0.32%
exchange_traded_fund VUG
$338.84
price down icon 0.18%
exchange_traded_fund IJH
$57.04
price up icon 0.05%
exchange_traded_fund EFA
$77.40
price up icon 0.13%
exchange_traded_fund IWF
$330.93
price down icon 0.11%
exchange_traded_fund QQQ
$436.78
price down icon 0.29%
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