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

ProShares UltraShort Energy (NYSEARCA:DUG) shares are going to reverse split before the market opens on Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.

ProShares UltraShort Energy Stock Performance

ProShares UltraShort Energy stock opened at $10.03 on Wednesday. ProShares UltraShort Energy has a 52-week low of $8.31 and a 52-week high of $13.10. The firm has a 50 day moving average price of $9.88 and a two-hundred day moving average price of $9.73.

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.