Direxion Daily Financial Bear 3 X Shares (FAZ) Stock Split History

Direxion Daily Financial Bear 3 X Shares has split its stock 6 times since its initial public offering (IPO). The first stock split occurred on July 09, 2009 with the ratio of 1-for-10, meaning that for 10 shares of FAZ owned pre-split, shareholders then owned 1 share. 5 more splits have been implemented since then. The most recent stock split took place on March 02, 2021 on a 1-for-8 basis.

These splits have increased FAZ 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 Financial Bear 3 X Shares's total market capitalization.

For more detailed information of Direxion Daily Financial Bear 3 X Shares's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Direxion Daily Financial Bear 3 X 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 FAZ stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily Financial Bear 3 X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.