Direxion Shares Exchange Traded Fund Trust - Daily Large Cap Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russell Midcap® Index. As of Oct 31 2015, the Fund's total assets were $75,710,139 and the Fund's investments portfolio was valued at $55,159,312. We show 74 historical shares outstanding datapoints in our MIDU shares outstanding history coverage, used to compute MIDU market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MIDU market cap history over the course of time is important for investors
interested in comparing MIDU'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 MIDU versus a peer is one thing; comparing
MIDU 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 MIDU can fluctuate over the course of history.
With this page we aim to empower investors researching MIDU by allowing them to research the MIDU market cap history. |
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Video: The Importance of Market Cap
