Direxion Daily Technology Bear 3X Shares (TYP) has announced a 1-for-5 reverse stock split. As a result of the reverse stock split, each TYP Share will be converted into the right to receive .20 (New) Direxion Daily Technology Bear 3X Shares. The reverse stock split will become effective prior to the opening of business on July 8, 2010.
This corporate action will be coordinated with the Options Clearing Corporation.
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