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

ProShares UltraShort Energy (NYSEARCA:DUG) shares are scheduled to reverse split on the morning of 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 Trading Up 3.0 %

NYSEARCA:DUG opened at $10.03 on Wednesday. ProShares UltraShort Energy has a one year low of $8.31 and a one year high of $13.10. The stock has a 50-day simple moving average of $9.88 and a 200 day simple moving average of $9.73.

About ProShares UltraShort Energy

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.