Explained: Reverse Share Splits in ETFs
June 22, 2010 at 16:00 PM EDT
Popular leveraged and inverse exchange traded fund (ETF) provider Direxion recently announced a reverse share split in four of their funds. What does that mean? Four of Direxion’s funds will go through a 1-for-5 reverse share split in early July, reports Chuck Jaffe for Boston Herald. Despite...