ProShares UltraShort Energy ( NYSEARCA:DUG – Free Report ) shares are 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 UltraShort Energy Stock Up 9.8%
Shares of ProShares UltraShort Energy stock traded up $1.28 during trading on Wednesday, hitting $14.36. The company’s stock had a trading volume of 1,436,397 shares, compared to its average volume of 153,316. ProShares UltraShort Energy has a 52 week low of $11.89 and a 52 week high of $34.96. The company has a fifty day simple moving average of $13.97 and a two-hundred day simple moving average of $18.11.
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About ProShares UltraShort Energy
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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,...