Direxion Daily Msci Mexico Bull 3 X Shares (MEXX) Stock Split History

Direxion Daily Msci Mexico Bull 3 X Shares has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on March 27, 2020 with the ratio of 1-for-12, meaning that for 12 shares of MEXX owned pre-split, shareholders then owned 1 share. The most recent stock split took place on August 28, 2023 on a 5-for-1 basis.

These actions have increased MEXX 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 change the number of shares and the price per share with no impact on Direxion Daily Msci Mexico Bull 3 X Shares's total market capitalization.

For more detailed information of Direxion Daily Msci Mexico Bull 3 X Shares's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Direxion Daily Msci Mexico Bull 3 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 MEXX stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily Msci Mexico Bull 3 X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.