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 on July 14, 2026, for the Direxion Daily Small Cap Bear 3X ETF (TZA), Direxion Daily Technology Bear 3X ETF (TECS), Direxion Daily Semiconductor Bear 3X ETF (SOXS), Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP), Direxion Daily AI and Big Data Bear 2X ETF (AIBD), Direxion Daily GOOGL Bear 1X ETF (GGLL), and Direxion Daily AMD Bear 1X ETF (AMDD). The splits will reduce outstanding shares by about 90% while increasing each fund’s share price and NAV by roughly tenfold, leaving total shareholder value unchanged. Trading on a split-adjusted basis begins July 15, with cash paid for any fractional shares.
At a glance
- Beat
- Fund Updates
- Issuer
- Direxion
- Region
- United States
- Filed
- 10 June 2026
Source: SEC Filings
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