Direxion Daily Energy Bull 2X Shares (ERX) Stock Split History

Direxion Daily Energy Bull 2X Shares has split its stock once since its initial public offering (IPO). The stock split of Direxion Daily Energy Bull 2X Shares occurred on March 24, 2020 on a 1-for-10 basis, meaning that for 10 shares of ERX owned pre-split, shareholders then owned 1 share.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Direxion Daily Energy Bull 2X Shares's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Direxion Daily Energy Bull 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 ERX stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily Energy Bull 2X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.