Direxion Daily Energy Bull 2 X Shares (ERX) Stock Split History

Direxion Daily Energy Bull 2 X Shares has split its stock once since its initial public offering (IPO). The stock split of Direxion Daily Energy Bull 2 X Shares occurred on March 24, 2020 on a 1-for-10 basis, meaning that for 10 shares of ERX owned pre-split, shareholders then owned 1 share.

This action has increased the 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 changes the number of shares and the price per share with no impact on Direxion Daily Energy Bull 2 X Shares's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Direxion Daily Energy Bull 2 X 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 ERX stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily Energy Bull 2 X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.