August 8th - $Direxion Daily Msci Mexico Bull 3X Shares (MEXX.US)$ is about to implement a 5-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from August 28th, 2023.
$Direxion Daily Msci Mexico Bull 3X Shares (MEXX.US)$ rose 0.58% and closed at $152.0574 on August 7th with a turnover of $511.95K.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.