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

ProShares UltraShort Energy (NYSEARCA:DUG) 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.

About ProShares UltraShort Energy

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.