ProShares UltraShort Semiconductors Stock Set to Reverse Split on Thursday, November 7th (NYSEARCA:SSG)

ProShares UltraShort Semiconductors (NYSEARCA:SSG) shares are scheduled to reverse split on Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares UltraShort Semiconductors Stock Down 2.5 %

SSG opened at $5.37 on Wednesday. The company has a fifty day moving average price of $6.64 and a two-hundred day moving average price of $8.40. ProShares UltraShort Semiconductors has a 1-year low of $5.27 and a 1-year high of $44.80.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

A hedge fund recently bought a new stake in ProShares UltraShort Semiconductors stock. Csenge Advisory Group acquired a new position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,678 shares of the company’s stock, valued at approximately $213,000. Csenge Advisory Group owned about 15.36% of ProShares UltraShort Semiconductors at the end of the most recent quarter.

ProShares UltraShort Semiconductors Company Profile

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game.