ProShares Ultra 20+ Year Treasury Shares to Reverse Split on Thursday, November 19th (NYSEARCA:UBT)

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT)’s stock is scheduled to reverse split on the morning of Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

ProShares Ultra 20+ Year Treasury Trading Down 1.4%

UBT opened at $13.87 on Friday. The company’s 50-day moving average price is $14.17 and its 200 day moving average price is $15.61. ProShares Ultra 20+ Year Treasury has a fifty-two week low of $12.83 and a fifty-two week high of $17.98.

Hedge Funds Weigh In On ProShares Ultra 20+ Year Treasury

A hedge fund recently raised its position in ProShares Ultra 20+ Year Treasury stock. Royal Bank of Canada increased its stake in ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,615 shares of the company’s stock after purchasing an additional 867 shares during the period. Royal Bank of Canada owned 0.11% of ProShares Ultra 20+ Year Treasury worth $75,000 at the end of the most recent reporting period.

About ProShares Ultra 20+ Year Treasury

ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.