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Direxion Daily Junior Gold Miners Index Bear 2X Shares To Carry Out 1-for-10 Reverse Stock Split On July 1st, 2024

moomoo News ·  Jun 4 19:40

June 4th (Eastern Time) - $Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 1st, 2024.

$Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST.US)$ rose 0.57% and closed at $3.5 on June 3rd with a turnover of $47.45 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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