| Direxion Shares Exchange Traded Fund Trust - Daily S&P Oil & Gas Exploration & Production Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the S&P Oil & Gas Exploration & Production Select Industry Index. As of Oct 31 2015, the Fund's total assets were $37,474,568 and the Fund's investments portfolio was valued at $8,730,089. We show 182 historical shares outstanding datapoints in our DRIP shares outstanding history coverage, used to compute DRIP market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DRIP market cap history over the course of time is important for investors
interested in comparing DRIP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DRIP versus a peer is one thing; comparing
DRIP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DRIP can fluctuate over the course of history.
With this page we aim to empower investors researching DRIP by allowing them to research the DRIP market cap history.