ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report)’s stock is going to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.
ProShares UltraShort Industrials Price Performance
Shares of NYSEARCA:SIJ traded up $0.06 during trading on Tuesday, hitting $8.83. 7,611 shares of the stock were exchanged, compared to its average volume of 23,936. ProShares UltraShort Industrials has a 1-year low of $8.46 and a 1-year high of $14.20. The company’s fifty day simple moving average is $9.49 and its 200-day simple moving average is $10.30.
Institutional Trading of ProShares UltraShort Industrials
An institutional investor recently bought a new position in ProShares UltraShort Industrials stock. IMC Chicago LLC purchased a new stake in ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned approximately 24.59% of ProShares UltraShort Industrials at the end of the most recent reporting period.
ProShares UltraShort Industrials Company Profile
ProShares UltraShort Industrials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Industrials Index (the Index). The Index measures the performance of the industrial industry of the United States equity market. Component companies include building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace.
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