Direxion Daily Financial Bear 3X Shares (EDZ) Shares to Reverse Split on Thursday, March 29th

Direxion Daily Financial Bear 3X Shares (NYSEARCA:EDZ)’s stock is set to reverse split on 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 traded up $0.07 on Thursday, reaching $39.17. The company’s stock had a trading volume of 326,212 shares, compared to its average volume of 319,867. Direxion Daily Financial Bear 3X Shares has a 12-month low of $33.35 and a 12-month high of $90.90.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Wednesday, March 21st were paid a $0.058 dividend. The ex-dividend date of this dividend was Tuesday, March 20th. This represents a $0.23 dividend on an annualized basis and a yield of 0.59%.

An institutional investor recently raised its position in Direxion Daily Financial Bear 3X Shares stock. SG Americas Securities LLC lifted its position in shares of Direxion Daily Financial Bear 3X Shares (NYSEARCA:EDZ) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,000 shares of the company’s stock after purchasing an additional 10,500 shares during the period. SG Americas Securities LLC owned 3.58% of Direxion Daily Financial Bear 3X Shares worth $3,171,000 as of its most recent SEC filing.

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