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

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) shares are set 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 market closes on Wednesday, November 18th.

ProShares Ultra 20+ Year Treasury Stock Performance

Shares of UBT traded up $0.25 during trading hours on Wednesday, reaching $14.75. 45,851 shares of the company’s stock traded hands, compared to its average volume of 83,879. The firm’s 50 day simple moving average is $14.24 and its 200-day simple moving average is $15.69. ProShares Ultra 20+ Year Treasury has a 12 month low of $12.83 and a 12 month high of $17.98.

Hedge Funds Weigh In On ProShares Ultra 20+ Year Treasury

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

ProShares Ultra 20+ Year Treasury Company Profile

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.