ProShares UltraPro Short Dow30 Stock Set to Reverse Split on Thursday, November 7th (NYSEARCA:SDOW)

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares are going to reverse split 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 UltraPro Short Dow30 Trading Up 1.1 %

NYSEARCA SDOW opened at $13.24 on Wednesday. The business’s fifty day simple moving average is $13.61 and its 200-day simple moving average is $15.52. ProShares UltraPro Short Dow30 has a 52 week low of $12.24 and a 52 week high of $28.44.

Hedge Funds Weigh In On ProShares UltraPro Short Dow30

A number of institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management grew its stake in shares of ProShares UltraPro Short Dow30 by 76.9% in the 2nd quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after buying an additional 3,000 shares during the period. Quantbot Technologies LP increased its stake in ProShares UltraPro Short Dow30 by 748.7% during the first quarter. Quantbot Technologies LP now owns 20,242 shares of the exchange traded fund’s stock worth $319,000 after acquiring an additional 17,857 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of ProShares UltraPro Short Dow30 by 303.5% in the 1st quarter. Headlands Technologies LLC now owns 29,237 shares of the exchange traded fund’s stock valued at $460,000 after purchasing an additional 21,991 shares during the last quarter.

About ProShares UltraPro Short Dow30

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies.