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 1000® Index. As of Oct 31 2015, the Fund's total assets were $753,870,950 and its investment portfolio was valued at $315,500,798. We show 153 historical shares outstanding datapoints in our SPXL shares outstanding history coverage, used to compute SPXL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SPXL market cap history over the course of time is important for investors
interested in comparing SPXL'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 SPXL versus a peer is one thing; comparing
SPXL 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 SPXL can fluctuate over the course of history.
With this page we aim to empower investors researching SPXL by allowing them to research the SPXL market cap history. |
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Video: The Importance of Market Cap
