Direxion Daily Mid Cap Bull 3 X Shares (MIDU) Stock Split History

Direxion Daily Mid Cap Bull 3 X Shares has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on May 05, 2010 with the ratio of 3-for-1, meaning that for 1 share of MIDU owned pre-split, shareholders then owned 3 shares. The most recent stock split took place on May 20, 2015 on a 4-for-1 basis.

These actions have increased MIDU 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 Mid Cap Bull 3 X Shares's total market capitalization.

For more detailed information of Direxion Daily Mid Cap 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 Mid Cap 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 MIDU stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Direxion Daily Mid Cap Bull 3 X Shares's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.