ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) shares are scheduled to reverse split on the morning of Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.
ProShares UltraShort Industrials Stock Up 0.7%
Shares of SIJ traded up $0.06 during midday trading on Tuesday, reaching $8.83. 7,611 shares of the stock were exchanged, compared to its average volume of 23,936. ProShares UltraShort Industrials has a 12-month low of $8.46 and a 12-month high of $14.20. The firm has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $10.30.
Institutional Investors Weigh In On ProShares UltraShort Industrials
A hedge fund recently bought a new stake in ProShares UltraShort Industrials stock. IMC Chicago LLC bought a new position in ProShares UltraShort Industrials (NYSEARCA:SIJ – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,052 shares of the company’s stock, valued at approximately $306,000. IMC Chicago LLC owned about 24.59% of ProShares UltraShort Industrials as of its most recent filing with the Securities and Exchange Commission.
About ProShares UltraShort Industrials
ProShares UltraShort Industrials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Industrials Index (the Index). The Index measures the performance of the industrial industry of the United States equity market. Component companies include building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace.
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