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 announced 20-for-1 forward stock splits effective July 14, 2026, for the Direxion Daily MSCI South Korea Bull 3X ETF (KORU) and the Direxion Daily MU Bull 2X ETF (MUU). Shareholders will receive 20 shares for every share held, increasing outstanding shares by approximately 1,900%. Trading on a split-adjusted basis will begin July 15, with each fund’s NAV and share price reduced to roughly one-twentieth of pre-split levels. The splits will not affect the overall value of shareholders’ investments and are not expected to create taxable events.
At a glance
- Beat
- Fund Updates
- Issuer
- Direxion
- Region
- United States
- Filed
- 10 June 2026
Source: SEC Filings
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