ProShares UltraShort Utilities (NYSEARCA:SDP) Shares Scheduled to Reverse Split on Thursday, November 7th

Posted by on Nov 3rd, 2024

Shares of ProShares UltraShort Utilities (NYSEARCA:SDP – Free Report) are set to reverse split before the market opens on Thursday, November 7th. The 1-2 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares UltraShort Utilities Stock Up 4.7 %

Shares of NYSEARCA:SDP opened at $8.05 on Friday. The business’s 50 day moving average is $7.93 and its 200 day moving average is $9.30. ProShares UltraShort Utilities has a 12-month low of $7.25 and a 12-month high of $14.51.

About ProShares UltraShort Utilities

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ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.

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