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You Are Here: Home > Articles > Commentary > Direxion Announces Reverse Splits for FAS and FAZ

Direxion Announces Reverse Splits for FAS and FAZ
Jul 06, 2009

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Bill Luby

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Direxion formally announced today what has been rumored for awhile now, that its two most popular triple ETFs, FAS and FAZ, will undergo reverse splits after the close of trading on Wednesday, July 8th.


FAS (financial 3x ETF), which closed Friday at 8.34, will split 1-for-5, while FAZ (financial -3x ETF), which closed Friday at 5.13 will split 1-for-10.

For more details, check out the Direxion press release.

by Bill Luby (VIX and More )

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