ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Shares Scheduled to Reverse Split on Thursday, November 20th

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV)’s stock is set to reverse split before the market opens on Thursday, November 20th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.

ProShares UltraShort MSCI Emerging Markets Stock Up 0.7%

Shares of EEV stock opened at $9.80 on Friday. The firm has a 50 day moving average of $10.27 and a 200-day moving average of $12.12. ProShares UltraShort MSCI Emerging Markets has a 52 week low of $9.20 and a 52 week high of $20.56.

Hedge Funds Weigh In On ProShares UltraShort MSCI Emerging Markets

An institutional investor recently bought a new position in ProShares UltraShort MSCI Emerging Markets stock. Jane Street Group LLC acquired a new position in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,486 shares of the company’s stock, valued at approximately $156,000. Jane Street Group LLC owned approximately 3.47% of ProShares UltraShort MSCI Emerging Markets at the end of the most recent reporting period.

ProShares UltraShort MSCI Emerging Markets Company Profile

ProShares UltraShort MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index (the Index). The Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in global emerging markets countries.