ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report)’s stock is set to reverse split on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.
ProShares UltraPro Short MidCap 400 Trading Up 0.6%
Shares of NYSEARCA:SMDD opened at $8.48 on Friday. ProShares UltraPro Short MidCap 400 has a one year low of $7.08 and a one year high of $15.18. The stock has a fifty day moving average of $8.71 and a 200-day moving average of $8.98.
About ProShares UltraPro Short MidCap 400
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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