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

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ)’s stock is going to reverse split before the market opens on Thursday, November 19th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

ProShares UltraShort MidCap 400 Trading Down 1.1%

NYSEARCA MZZ traded down $0.07 during trading hours on Wednesday, hitting $6.21. The company’s stock had a trading volume of 469 shares, compared to its average volume of 8,689. ProShares UltraShort MidCap 400 has a twelve month low of $5.55 and a twelve month high of $9.08. The stock has a fifty day moving average of $6.35 and a 200 day moving average of $6.48.

ProShares UltraShort MidCap 400 Company Profile

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.