ETF Follies
ETFs undergoing a reverse split:
Fund Name
Ticker
Reverse Split Ratio
Approximate decrease in total number of outstanding shares
Direxion Daily S&P 500®Bear 1X Shares
SPDN
1 for 2
50%
Direxion Daily Gold Miners Index Bull 3X Shares
NUGT
1 for 4
75%
Direxion Daily Junior Gold Miners Index Bull 3X Shares
JNUG
1 for 4
75%
Direxion Daily Junior Gold Miners Index Bear 3X Shares
JDST
1 for 4
75%
Direxion Daily Semiconductor Bear 3X Shares
SOXS
1 for 5
80%
Direxion Daily Regional Banks Bear 3X Shares
WDRW
1 for 5
80%
Direxion Daily Russia Bear 3X Shares
RUSS
1 for 5
80%
Direxion Daily S&P 500®Bear 3X Shares
SPXS
1 for 5
80%
Forgot who first said it, but ETFs are instruments of mass financial destruction.