ProShares UltraShort Semiconductors Shares Scheduled to Reverse Split on Thursday, November 19th (NYSEARCA:SSG)

ProShares UltraShort Semiconductors (NYSEARCA:SSG) shares are set to reverse split on Thursday, November 19th. 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 18th.

ProShares UltraShort Semiconductors Trading Up 5.8%

Shares of SSG traded up $0.79 during trading hours on Wednesday, hitting $14.48. The company had a trading volume of 1,018,705 shares, compared to its average volume of 589,778. ProShares UltraShort Semiconductors has a one year low of $9.45 and a one year high of $38.11. The company’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $17.51.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

Large investors have recently added to or reduced their stakes in the company. StoneX Group Inc. purchased a new stake in shares of ProShares UltraShort Semiconductors during the third quarter valued at about $237,000. Greenfield Seitz Capital Management LLC bought a new stake in shares of ProShares UltraShort Semiconductors in the 3rd quarter valued at about $138,000. Finally, Quantinno Capital Management LP purchased a new position in shares of ProShares UltraShort Semiconductors in the 1st quarter worth approximately $510,000.

ProShares UltraShort Semiconductors Company Profile

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.