ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Shares to Reverse Split on Thursday, May 28th

ProShares UltraShort Consumer Staples (NYSEARCA:SZK)’s stock is scheduled to reverse split before the market opens on 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 UltraShort Consumer Staples Stock Performance

NYSEARCA SZK traded down $0.31 on Tuesday, hitting $10.80. 4,584 shares of the company’s stock traded hands, compared to its average volume of 12,520. ProShares UltraShort Consumer Staples has a 1-year low of $9.20 and a 1-year high of $13.86. The firm’s 50-day moving average price is $11.16 and its two-hundred day moving average price is $11.72.

Institutional Trading of ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP bought a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent reporting period.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Consumer Goods 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.