Direxion Daily 7-10 Year Treasury Bear 1X Shares is an open-end manament investment company. The Fund seeks daily investment results of 100% of the inverse of the performance of the NYSE 7-10 Year Treasury Bond Index. The fund creates short positions by investing at least 80% of its net assets in financial instruments that provide exposure to the index. It invests the remainder of its assets in short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. As of Oct 31 2013, the Fund's total assets were $1,708,120 and its total investments were valued at $312,632. We show 1 historical shares outstanding datapoints in our TYNS shares outstanding history coverage, used to compute TYNS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TYNS market cap history over the course of time is important for investors
interested in comparing TYNS'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 TYNS versus a peer is one thing; comparing
TYNS 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 TYNS can fluctuate over the course of history.
With this page we aim to empower investors researching TYNS by allowing them to research the TYNS market cap history. |
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Video: The Importance of Market Cap
