Direxion Shares Exchange Traded Fund Trust (EDZ) Shares to Reverse Split on Thursday, March 29th

Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDZ)’s stock is scheduled to reverse split on the morning of Thursday, March 29th. The 1-5 reverse split was announced on Wednesday, March 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 28th.

Direxion Shares Exchange Traded Fund Trust stock opened at $8.56 on Friday. Direxion Shares Exchange Traded Fund Trust has a one year low of $6.67 and a one year high of $18.18.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Wednesday, March 21st will be paid a $0.0116 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, March 20th.

An institutional investor recently bought a new position in Direxion Shares Exchange Traded Fund Trust stock. Calton & Associates Inc. purchased a new stake in shares of Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,570 shares of the company’s stock, valued at approximately $146,000. Calton & Associates Inc. owned about 0.19% of Direxion Shares Exchange Traded Fund Trust at the end of the most recent quarter.

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