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

Shares of ProShares UltraShort Energy (NYSEARCA:DUG) 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 market closes on Wednesday, November 6th.

ProShares UltraShort Energy Stock Up 1.4 %

DUG stock opened at $10.03 on Friday. The firm’s fifty day moving average is $9.88 and its 200 day moving average is $9.74. ProShares UltraShort Energy has a 52 week low of $8.31 and a 52 week high of $13.10.

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.