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

Shares of ProShares UltraShort Energy (NYSEARCA:DUG) are scheduled to reverse split before the market opens on 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 Trading Up 9.8%

Shares of NYSEARCA DUG traded up $1.28 during midday trading on Wednesday, hitting $14.36. The stock had a trading volume of 1,436,397 shares, compared to its average volume of 153,316. The business’s 50 day moving average is $13.97 and its 200-day moving average is $18.11. ProShares UltraShort Energy has a 52 week low of $11.89 and a 52 week high of $34.96.

ProShares UltraShort Energy Company Profile

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.