Direxion Daily S&P Biotech Bear 3X Shares (LABD) Stock Split History

Direxion Daily S&P Biotech Bear 3X Shares has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on March 29, 2018 with the ratio of 1-for-10, meaning that for 10 shares of LABD owned pre-split, shareholders then owned 1 share. The most recent stock split took place on August 28, 2020 on a 1-for-20 basis.

These actions have increased LABD 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 change the number of shares and the price per share with no impact on Direxion Daily S&P Biotech Bear 3X Shares's total market capitalization.

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