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

Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDZ) shares are 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.

Shares of EDZ stock opened at $7.48 on Wednesday. Direxion Shares Exchange Traded Fund Trust has a 12 month low of $6.67 and a 12 month high of $18.18.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.0116 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $0.05 dividend on an annualized basis and a yield of 0.62%.

An institutional investor recently raised its position in Direxion Shares Exchange Traded Fund Trust stock. SG Americas Securities LLC grew its stake in shares of Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDZ) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 350,000 shares of the company’s stock after acquiring an additional 10,500 shares during the quarter. SG Americas Securities LLC owned about 3.58% of Direxion Shares Exchange Traded Fund Trust worth $3,171,000 as of its most recent SEC filing.

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