| Direxion Shares Exchange Traded Fund Trust - Daily Japan Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Japan Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the MSCI Japan Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is designed to measure the performance of the large and mid cap segments of the Japan equity market. As of Oct 31 2015, the Fund's total assets were $16,241,000 and its investment portfolio was valued at $12,314,543. We show 18 historical shares outstanding datapoints in our JPNL shares outstanding history coverage, used to compute JPNL market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing JPNL market cap history over the course of time is important for investors
interested in comparing JPNL'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 JPNL versus a peer is one thing; comparing
JPNL 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 JPNL can fluctuate over the course of history.
With this page we aim to empower investors researching JPNL by allowing them to research the JPNL market cap history.