ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Stock to Reverse Split on Thursday, November 19th

Shares of ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) are scheduled to reverse split on Thursday, November 19th. The 1-4 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 MidCap 400 Stock Up 0.3%

Shares of NYSEARCA MZZ opened at $6.32 on Friday. The company has a fifty day moving average price of $6.40 and a 200 day moving average price of $6.46. ProShares UltraShort MidCap 400 has a 1-year low of $5.55 and a 1-year high of $9.08.

About ProShares UltraShort MidCap 400

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). Securities are selected for inclusion in the Index by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.