ProShares UltraShort Technology Shares Set to Reverse Split on Thursday, November 19th (NYSEARCA:REW)

ProShares UltraShort Technology (NYSEARCA:REW)’s stock is 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 market closes on Wednesday, November 18th.

ProShares UltraShort Technology Price Performance

Shares of NYSEARCA REW traded up $0.02 during mid-day trading on Wednesday, reaching $12.51. 46,072 shares of the company traded hands, compared to its average volume of 34,190. ProShares UltraShort Technology has a fifty-two week low of $9.60 and a fifty-two week high of $27.67. The stock has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $15.72.

ProShares UltraShort Technology Company Profile

ProShares UltraShort Technology (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. 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.