New Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
Direxion will implement 1-for-10 reverse stock splits for seven leveraged and inverse ETFs after the market closes on July 14, 2026, with split-adjusted trading beginning the following day. The affected funds are the Direxion Daily Small Cap Bear 3X ETF, Daily Technology Bear 3X ETF, Daily Semiconductor Bear 3X ETF, Daily S&P Oil & Gas Exploration & Production Bear 2X ETF, Daily AI and Big Data Bear 2X ETF, Daily GOOGL Bear 1X ETF, and Daily AMD Bear 1X ETF. The reverse splits will reduce outstanding shares by approximately 90% while proportionally increasing each fund's share price.
At a glance
- Beat
- Fund Updates
- Issuer
- Direxion
- Region
- United States
- Filed
- 26 June 2026
Source: SEC Filings
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