ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) shares are going to reverse split on the morning of 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 UltraPro Short MidCap 400 Stock Performance
SMDD stock traded down $0.14 during mid-day trading on Wednesday, reaching $8.32. 44,529 shares of the company’s stock were exchanged, compared to its average volume of 13,298. The stock’s 50 day moving average is $8.63 and its 200 day moving average is $9.04. ProShares UltraPro Short MidCap 400 has a 12-month low of $7.08 and a 12-month high of $15.18.
ProShares UltraPro Short MidCap 400 Company Profile
ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on adequate liquidity, appropriate market capitalization, financial viability and public float.
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