ProShares UltraShort MSCI EAFE Stock Scheduled to Reverse Split on Thursday, November 7th (NYSEARCA:EFU)

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU)’s stock is going to reverse split before the market opens on Thursday, November 7th. The 1-2 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 MSCI EAFE Stock Performance

Shares of NYSEARCA EFU opened at $7.51 on Friday. ProShares UltraShort MSCI EAFE has a fifty-two week low of $6.57 and a fifty-two week high of $10.54. The company’s 50 day simple moving average is $7.09 and its 200 day simple moving average is $7.39.

About ProShares UltraShort MSCI EAFE

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI EAFE Index. The MSCI EAFE Index (Europe, Australasia, Far East) adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group, in developed market countries, excluding the United States and Canada.