ProShares Short SmallCap600 (NYSEARCA:SBB) Shares Set to Reverse Split on Thursday, May 28th

Shares of ProShares Short SmallCap600 (NYSEARCA:SBB) are set to reverse split on the morning of Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 27th.

ProShares Short SmallCap600 Stock Up 1.0%

Shares of ProShares Short SmallCap600 stock traded up $0.12 on Tuesday, hitting $12.10. 16,400 shares of the company’s stock traded hands, compared to its average volume of 10,662. ProShares Short SmallCap600 has a one year low of $11.79 and a one year high of $16.04. The company has a fifty day moving average of $12.76 and a two-hundred day moving average of $13.14.

Institutional Investors Weigh In On ProShares Short SmallCap600

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP purchased a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 as of its most recent filing with the SEC.

ProShares Short SmallCap600 Company Profile

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.