Direxion ETF reverse split makes me look like a genius
In anticipation of this week's market correction, I added an outperform rating (short-term) on TZA last week. Today my score for TZA is up more than 200 points. I figured it must have been something besides pure luck that caused the huge jump in points.
Additionally, the firm will execute a 1-for-3 reverse split of the shares of the Direxion Daily Small Cap Bear 3x Shares (TZA), for shareholders of record after the close of the markets on Feb. 23, 2011.