Direxion Daily MSCI India Bull 3x Shares (INDL) Stock Split History

Direxion Daily MSCI India Bull 3x Shares has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on August 20, 2013 with the ratio of 1-for-4, meaning that for 4 shares of INDL owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on March 24, 2016 on a 1-for-4 basis.

These splits have increased INDL 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 MSCI India Bull 3x Shares's total market capitalization.

For more detailed information of Direxion Daily MSCI India Bull 3x 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 MSCI India Bull 3x 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 INDL stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily MSCI India Bull 3x Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.