ProShares UltraShort S&P500 Stock Set to Reverse Split on Thursday, November 20th (NYSEARCA:SDS)

ProShares UltraShort S&P500 (NYSEARCA:SDS) shares are going to reverse split on Thursday, November 20th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 19th.

ProShares UltraShort S&P500 Trading Down 0.1%

Shares of NYSEARCA SDS opened at $14.34 on Friday. The stock has a fifty day moving average price of $14.59 and a 200 day moving average price of $16.50. ProShares UltraShort S&P500 has a 12-month low of $13.54 and a 12-month high of $28.31.

Hedge Funds Weigh In On ProShares UltraShort S&P500

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new stake in ProShares UltraShort S&P500 during the 1st quarter valued at $347,000. RHS Financial LLC purchased a new position in ProShares UltraShort S&P500 in the 2nd quarter valued at about $228,000. XTX Topco Ltd purchased a new position in ProShares UltraShort S&P500 in the 1st quarter valued at about $250,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of ProShares UltraShort S&P500 during the first quarter valued at about $176,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of ProShares UltraShort S&P500 during the first quarter worth about $542,000.

About ProShares UltraShort S&P500

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.