ProShares UltraShort MSCI Emerging Markets Stock Set to Reverse Split on Thursday, November 20th (NYSEARCA:EEV)

Shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) are set to reverse split on the morning of Thursday, November 20th. 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 19th.

ProShares UltraShort MSCI Emerging Markets Stock Down 0.1%

Shares of NYSEARCA EEV opened at $9.43 on Wednesday. ProShares UltraShort MSCI Emerging Markets has a 1 year low of $9.20 and a 1 year high of $20.56. The stock’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $11.98.

Hedge Funds Weigh In On ProShares UltraShort MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. lifted its stake in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 15.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,526 shares of the company’s stock after buying an additional 1,705 shares during the quarter. Verity Asset Management Inc. owned approximately 3.49% of ProShares UltraShort MSCI Emerging Markets worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

About ProShares UltraShort MSCI Emerging Markets

ProShares UltraShort MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index (the Index). The Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in global emerging markets countries.