did gush stock split: full history

GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X Shares) stock split history

Introduction

This page directly answers the question “did gush stock split” and provides a complete, sourced rundown of GUSH split events, issuer commentary, mechanics, shareholder impact, and where to confirm records. If you searched did gush stock split you will find: yes — GUSH has undergone multiple forward and reverse splits across its history, most recently a 4-for-1 forward split that took effect August 28, 2023. This article compiles issuer announcements and trusted split-history databases to help you verify dates, ratios, and practical consequences.

H2: Fund overview

GUSH is the ticker for the Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X Shares, a leveraged exchange-traded fund (ETF) issued by Direxion. The fund seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. GUSH is listed on NYSE Arca and is commonly used by traders seeking amplified short-term exposure to the oil and gas E&P sector. Leveraged ETFs like GUSH are designed for daily objectives and carry elevated risk, including compounding effects over multiple days and higher volatility than unlevered funds.

H2: Short answer to the query: did gush stock split?

Yes. If your search is “did gush stock split,” the simple answer is that GUSH has experienced both forward and reverse stock splits historically. The most recent notable forward split was a 4-for-1 split effective August 28, 2023. Earlier in the fund’s history there were several reverse (consolidation) splits, including a 1-for-10 reverse split that Direxion announced on October 21, 2019 and made effective November 22, 2019. Multiple data providers and the issuer press release confirm these events.

H2: Summary of stock splits

Across public databases and issuer notices, GUSH’s split history includes a mix of forward and reverse splits recorded over multiple years. Data aggregators (SplitHistory, SymbolSurfing, Stockscan, MarketBeat, Seeking Alpha) list five or more recorded events, with the most recent forward split on August 28, 2023 and issuer-confirmed reverse consolidation in late 2019.

H3: Quick facts

• Ticker: GUSH
• Issuer: Direxion
• Objective: 2x daily exposure to S&P Oil & Gas E&P Select Index
• Exchange: NYSE Arca
• Common uses: short-term leveraged exposure, tactical trading
• Most recent forward split: 4-for-1, effective Aug 28, 2023 (sources: MarketBeat, SplitHistory)
• Notable reverse split: 1-for-10 announced Oct 21, 2019; effective Nov 22, 2019 (Direxion press release)

H2: Chronological split events (detailed)

Below is a chronological summary of split events recorded in financial data repositories and, where available, corroborated by issuer statements. Each event lists dates, ratios, and context.

H3: Early recorded events (archival database entries)

Some historical databases record early consolidation/split events for leveraged funds that predate modern ETF filings. These archival entries can vary between services. When you ask "did gush stock split" for these early years, note that archive data sources sometimes list a 1998 consolidation or other early splits — treat these as lower-confidence database records unless supported by a contemporaneous issuer notice or SEC filing.

H3: March 24, 2016 — 1-for-10 reverse split (database reports)

Several split-history aggregators list a 1-for-10 reverse split dated March 24, 2016 (reported as effective around this date). Database listings indicate the effect was to reduce share count and increase per-share NAV proportionally. These entries are present in SplitHistory and SymbolSurfing archives; however, the authoritative issuer confirmation for 2016 is less direct in publicly available Direxion press archives, so treat this as database-reported.

H3: April–May 2017 — forward splits (database reports)

Some sources list forward splits in 2017 (e.g., 2-for-1 splits reported in April–May 2017). As with earlier archival items, these are recorded by third-party split trackers (SymbolSurfing, SplitHistory). If you require legal confirmation, consult Direxion notices or exchange filings for 2017.

H3: October 21, 2019 — Direxion announces 1-for-10 reverse split (effective Nov 22, 2019)

As of October 21, 2019, Direxion issued a press release announcing a 1-for-10 reverse split for certain Direxion ETFs, with an effective trading date of November 22, 2019. The issuer’s announcement gave the rationale typically associated with reverse splits (restoring or maintaining per-share trading price levels and meeting listing standards). The Direxion PR explicitly listed affected funds and provided operational details on the effective date and shareholder treatment (e.g., fractional shares cashed out). This issuer notice is an authoritative confirmation for the 2019 1-for-10 reverse split affecting GUSH.

H3: March 24, 2020 — 1-for-40 reverse split (database reports)

SplitHistory and other trackers list a 1-for-40 reverse split dated March 24, 2020. Third-party histories record this large consolidation event for the fund, which would materially reduce outstanding share counts while increasing per-share NAV by the same factor. As with other database-only entries, verify with issuer/exchange records for legal confirmation.

H3: August 28, 2023 — 4-for-1 forward split (confirmed by multiple sources)

As of August 28, 2023, multiple financial data providers (MarketBeat, SplitHistory, SymbolSurfing, Stockscan) reported that GUSH effected a 4-for-1 forward split with an ex/effective date of August 28, 2023. This forward split increased the number of shares outstanding and reduced the per-share price proportionally. MarketBeat and other split trackers list the event and its date; these aggregators pulled exchange/issuer notices and clearing-agent adjustments reflecting the split. If you asked “did gush stock split” in late 2023, the answer points to this clear forward split.

H2: Rationale and issuer commentary

Issuers perform forward splits and reverse splits for operational and market-structure reasons. Common rationales include:

• Forward splits: reduce per-share trading price to make shares more affordable for retail traders and potentially increase liquidity and marketability.
• Reverse splits: consolidate shares to raise the per-share price, helping satisfy exchange listing minimums or addressing unusually low trading prices.

Direxion’s October 21, 2019 announcement explicitly cited consolidation to maintain orderly trading and meet listing expectations. Public issuer communications typically explain the business rationale and operational mechanics (effective date, treatment of fractional shares, and changes to CUSIP if applicable).

H2: Mechanics and corporate actions details

How ETF splits work (practical mechanics):

• Ex-date vs. effective trading date: An ETF split will have an announced effective trading date when the split-adjusted shares begin trading. The ex-date is typically the day on which the split takes effect for trading and settlement.
• Transfer agent and clearing adjustments: The transfer agent/DTC updates shareholder records, and brokerage accounts display adjusted share counts after the split is processed.
• CUSIP changes: Some splits trigger a new CUSIP, especially for reverse splits; issuers disclose any CUSIP change in press releases.
• Fractional shares: When splits would create fractional shares, issuers typically provide cash-in-lieu payments for fractional entitlements. The cash treatment and calculation are described in the issuer’s notice.
• No change to market capitalization: Splits alter share counts and per-share price proportionally; total fund assets and NAV are unchanged by the corporate action itself, aside from rounding and cash-outs for fractional shares.

H2: Impact on shareholders and tax considerations

• Holdings: After a forward split, shareholders hold proportionally more shares with lower per-share price. After a reverse split, they hold fewer shares with higher per-share price. Total value (shares × price) remains effectively the same immediately after the split, excluding fractional-cash adjustments.
• Brokerage reporting: Brokerages automatically adjust positions and reflect the new share count and per-share price; confirm the adjusted quantity on your account statement.
• Tax treatment: Splits themselves generally are not taxable events for U.S. federal income tax purposes when they are pro rata split adjustments of share counts (forward or reverse) that do not involve a distribution of cash, but cash-in-lieu for fractional shares may have tax consequences. For any tax questions, consult a tax advisor or review the issuer’s notice and prospectus.

H2: Market reaction and performance after splits

A corporate split does not change the fund’s underlying economics. However, market behavior around splits can vary:

• Forward splits can attract investor attention, sometimes increasing trading volume in the short term.
• Reverse splits are sometimes perceived negatively because they are often implemented when per-share price is low; however, issuer rationale often centers on listing and trading mechanics rather than performance.

Data aggregators and market commentary following the 2019 reverse split and the 2023 forward split recorded short-term changes in volume and price behavior, but no split permanently alters the fund’s exposure or index-tracking objective. As of Aug 28, 2023, MarketBeat and SplitHistory documented the forward split; any subsequent performance should be judged on the fund’s NAV and market conditions rather than the split itself.

H2: Adjustments to dividends and distributions

If an ETF pays distributions, historical dividend records are typically adjusted for splits so that per-share and total distributions remain comparable on a split-adjusted basis. For GUSH, consult the fund’s distribution history in issuer materials or your brokerage to see split-adjusted payout histories.

H2: Record-keeping and data sources

Authoritative places to confirm split history and corporate actions for GUSH include:

• Direxion press releases and prospectus supplements (issuer statements and SEC filings)
• NYSE Arca exchange notices and trade bulletins
• SEC EDGAR filings from the issuer

Trusted third-party aggregators that compile split histories include MarketBeat, SplitHistory, SymbolSurfing, Stockscan, and Seeking Alpha. These aggregators are useful for quick reference; where differences appear across databases, rely on issuer/exchange notices for final legal confirmation.

H2: See also

• Stock split
• Reverse stock split
• Leveraged ETF mechanics
• Direxion ETFs

H2: References (source notes)

• Direxion press release (reported Oct 21, 2019) — announced 1-for-10 reverse split effective Nov 22, 2019. (As of Oct 21, 2019, Direxion reported the action in its issuer notice.)
• MarketBeat — GUSH ETF split listing and record noting 4-for-1 forward split effective Aug 28, 2023. (As of Aug 28, 2023, MarketBeat listed the split.)
• SplitHistory / SymbolSurfing / Stockscan / Seeking Alpha — consolidated split-history tables recording multiple forward and reverse splits across years, including entries for 2016, 2017, 2019, 2020, and 2023.

Appendix A: Complete split history table (chronological)

Note: Split counts and earliest entries can vary between databases. Where an issuer press release or SEC filing exists, that item is the authoritative source.

| Ex-Date / Effective Date | Split Ratio | Type | Adjustment factor | Source (reporting date) | |---|---:|---|---:|---| | Aug 28, 2023 | 4-for-1 | Forward split | ×4 shares per 1 | MarketBeat, SplitHistory (reported Aug 28, 2023) | | Nov 22, 2019 (effective) / Announced Oct 21, 2019 | 1-for-10 | Reverse split | 1 share per 10 prior shares | Direxion press release (reported Oct 21, 2019) | | Mar 24, 2020 | 1-for-40 (database entry) | Reverse split | 1 share per 40 prior shares | SplitHistory / SymbolSurfing (reported in databases) | | Mar 24, 2016 | 1-for-10 (database entry) | Reverse split | 1 share per 10 prior shares | SplitHistory / SymbolSurfing (archival listing) | | Apr–May 2017 | 2-for-1 (database entries) | Forward split(s) | ×2 shares per 1 | SplitHistory / SymbolSurfing (database listings) |

H2: Practical checklist for investors who asked “did gush stock split”

• Verify the event date on the issuer’s press release or SEC filing when precision is required.
• Check your brokerage account holdings and trade confirmations for automatic adjustments in share quantity.
• Review the issuer’s notice for information about fractional-share cash-outs, CUSIP changes, or other operational details.
• Remember that a split does not change the fund’s NAV or objective; evaluate performance and risk based on portfolio exposures and market conditions.

H2: Further notes on accuracy and scope

• As of Aug 28, 2023, MarketBeat and other split trackers reported the 4-for-1 forward split for GUSH; authoritative earlier reverse split confirmation for GUSH is provided by the Direxion press release announced Oct 21, 2019 (effective Nov 22, 2019). Some early archival split entries (e.g., 1998 or mid-2010s entries) vary between databases; treat database-only items as lower-confidence without issuer/exchange corroboration.
• If you need legally binding confirmation for tax, settlement, or regulatory purposes, consult the issuer’s SEC filings, the transfer agent, or your broker.

H2: How to verify split history now

To double-check whether GUSH split and to obtain the original documents, use these steps:

1. Search Direxion’s press release archive for corporate action notices (look for 2019 and 2023 statements). As of Oct 21, 2019, Direxion reported the 1-for-10 reverse split affecting several funds.
2. Review SEC EDGAR filings for prospectus supplements or fund notices around the announced dates.
3. Check exchange notices from NYSE Arca for corporate action bulletins.
4. Cross-reference third-party split histories (MarketBeat, SplitHistory, SymbolSurfing, Stockscan) for consolidated tables and dates.

H2: Investor-oriented final guidance

If your question was simply “did gush stock split,” the operational answer is yes — multiple times. The most recent clear forward split was the 4-for-1 on August 28, 2023, corroborated by split-tracking services. A prominent issuer-confirmed reverse split occurred after the October 21, 2019 Direxion announcement and became effective Nov 22, 2019. For position-level details, confirm adjusted share counts and any cash-in-lieu for fractional shares with your broker.

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H2: Transparency & disclaimer

This article compiles public records and third-party data to answer the query did gush stock split. It is factual and neutral in tone; it does not offer investment advice, tax guidance, or trading recommendations. For legal or tax determinations about split events, consult Direxion filings, your broker, or a qualified tax professional.

References — primary sources cited (for verification)

• Direxion press release (announced Oct 21, 2019) — issuer notice of 1-for-10 reverse split effective Nov 22, 2019. (Reporting date: Oct 21, 2019)
• MarketBeat — split listing for GUSH showing 4-for-1 forward split effective Aug 28, 2023. (Reporting date: Aug 28, 2023)
• SplitHistory / SymbolSurfing / Stockscan / Seeking Alpha — consolidated split-history records for GUSH (various reporting dates as shown next to events)

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