Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Why have I never seen a stock split?
If you want to see one split, well, a reverse split anyway, keep an eye on TZA, FAZ, BGZ, and any Direxion fund.  These funds decay continuously forever.  Once they get close to $10-$15 or so, they reverse-split them back to the $30-$50 range and the process starts over.  This happens about once a year. A few years ago I sent Direxion an email asking what happens when they run out of shares to reverse split and the reply was that's its an open fund where shares can be created or redeemed at will.  That still didn't answer the question of what happens when they run out of shares.  If they create new shares, the price will drop below the $10 level where many fund managers aren't allowed to buy.