Direxion Daily Csi China Internet Index Bull 2 X Shares (CWEB) Stock Split History

Direxion Daily Csi China Internet Index Bull 2 X Shares has split its stock once since its initial public offering (IPO). The stock split of Direxion Daily Csi China Internet Index Bull 2 X Shares occurred on May 31, 2022 on a 1-for-10 basis, meaning that for 10 shares of CWEB 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 Csi China Internet Index 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 Csi China Internet Index 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 CWEB stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily Csi China Internet Index Bull 2 X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.