Listing Alert
MIAX Pearl
March 04, 2026 | 05:47 PM
Update- MIAX Exchange Group - Options Markets - Corporate Action Alert: Select Direxion ETF
The reverse stock split on Direxion Daily TSLA Bear 1X Shares (TSLS) which was previously announced in this March 4, 2026 alert, has been postponed.
The reverse stock split on Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) will remain effective for Thursday, March 5, 2026.
On this date, the current HIBS option class will change to HIBS1. The MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange will not list HIBS1 options. Therefore, no options on HIBS will be available for trading on Thursday, March 5, 2026.
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Friday, March 6, 2026.
All GTC orders resting on the MIAX order books in HIBS will be canceled at the close of business on Wednesday, March 4, 2026.
Additional details about the above Direxion ETF reverse split is provided in the attached OCC Memos.
Please contact MIAX Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.