Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL) Shares to Reverse Split on Friday, June 28th

Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL)’s stock is set to reverse split on the morning of Friday, June 28th. The 1-5 reverse split was announced on Friday, May 24th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, June 27th.

GASL stock opened at $3.94 on Wednesday. Direxion Daily Natural Gas Related Bull 3X Shares has a 1-year low of $3.93 and a 1-year high of $27.79.

A number of institutional investors have recently modified their holdings of GASL. Jane Street Group LLC increased its position in Direxion Daily Natural Gas Related Bull 3X Shares by 29.3% in the 4th quarter. Jane Street Group LLC now owns 128,814 shares of the company’s stock valued at $661,000 after buying an additional 29,221 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in Direxion Daily Natural Gas Related Bull 3X Shares in the 4th quarter valued at about $133,000. Finally, XR Securities LLC bought a new stake in Direxion Daily Natural Gas Related Bull 3X Shares in the 1st quarter valued at about $200,000.

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About Direxion Daily Natural Gas Related Bull 3X Shares

Direxion Daily Natural Gas Related Bull 3X Shares seeks daily investment results of 300% of the performance of the ISE Revere Natural Gas Index (the Index). The ISE-REVERE Natural Gas Index has been created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term trends in the natural gas industry.

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