ProShares UltraShort Energy Shares Set to Reverse Split on Thursday, November 19th (NYSEARCA:DUG)

Shares of ProShares UltraShort Energy (NYSEARCA:DUG) are set to reverse split before the market opens on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

ProShares UltraShort Energy Stock Performance

Shares of ProShares UltraShort Energy stock opened at $13.71 on Friday. ProShares UltraShort Energy has a fifty-two week low of $11.89 and a fifty-two week high of $34.74. The company’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $17.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Energy stock. Boston Partners acquired a new stake in shares of ProShares UltraShort Energy (NYSEARCA:DUG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 22,274 shares of the company’s stock, valued at approximately $345,000. Boston Partners owned approximately 0.84% of ProShares UltraShort Energy as of its most recent SEC filing.

ProShares UltraShort Energy Company Profile

ProShares UltraShort Oil & Gas (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index. The Dow Jones U.S. Oil & Gas Index measures the performance of the oil and gas industry of the United States equity market. Component companies include oil drilling equipment and services, oil companies (major and secondary), pipelines, liquid, solid or gaseous fossil fuel producers and service companies. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the index.