ProShares Ultra Oil & Gas (NYSEARCA:DIG) Shares Set to Split on Friday, May 27th

Shares of ProShares Ultra Oil & Gas (NYSEARCA:DIGGet Rating) are scheduled to split before the market opens on Friday, May 27th. The 4-1 split was announced on Friday, May 27th. The newly minted shares will be payable to shareholders after the market closes on Friday, May 27th.

DIG stock opened at $153.92 on Monday. ProShares Ultra Oil & Gas has a 1 year low of $50.67 and a 1 year high of $164.71. The stock’s 50 day moving average price is $143.92 and its 200 day moving average price is $112.84.

A number of hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in ProShares Ultra Oil & Gas by 396.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,428 shares of the exchange traded fund’s stock valued at $5,149,000 after buying an additional 29,093 shares in the last quarter. UBS Group AG lifted its stake in shares of ProShares Ultra Oil & Gas by 138.1% during the 1st quarter. UBS Group AG now owns 2,984 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 1,731 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of ProShares Ultra Oil & Gas by 49.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 22,572 shares of the exchange traded fund’s stock worth $3,191,000 after purchasing an additional 7,491 shares during the period. Simplex Trading LLC acquired a new stake in shares of ProShares Ultra Oil & Gas during the first quarter worth $170,000. Finally, Ahrens Investment Partners LLC grew its position in shares of ProShares Ultra Oil & Gas by 332.6% in the first quarter. Ahrens Investment Partners LLC now owns 5,926 shares of the exchange traded fund’s stock valued at $838,000 after purchasing an additional 4,556 shares during the period.

ProShares Ultra Oil & Gas Company Profile (Get Rating)

ProShares Ultra Oil & Gas (the fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Oil & Gas Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.

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