ProShares Short MSCI EAFE Stock Scheduled to Reverse Split on Thursday, May 28th (NYSEARCA:EFZ)

Shares of ProShares Short MSCI EAFE (NYSEARCA:EFZ) are scheduled to reverse split on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

ProShares Short MSCI EAFE Stock Up 0.7%

Shares of EFZ stock traded up $0.08 during mid-day trading on Tuesday, hitting $11.84. The stock had a trading volume of 21,687 shares, compared to its average volume of 96,125. The company’s 50-day simple moving average is $12.25 and its 200-day simple moving average is $12.48. ProShares Short MSCI EAFE has a fifty-two week low of $11.53 and a fifty-two week high of $14.65.

Hedge Funds Weigh In On ProShares Short MSCI EAFE

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of ProShares Short MSCI EAFE in the 4th quarter valued at about $147,000. Ballew Advisors Inc increased its holdings in shares of ProShares Short MSCI EAFE by 7.4% in the 4th quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock valued at $1,253,000 after purchasing an additional 7,058 shares in the last quarter. Finally, SB Capital Management Inc purchased a new position in shares of ProShares Short MSCI EAFE in the 4th quarter valued at about $1,460,000.

ProShares Short MSCI EAFE Company Profile

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the MSCI EAFE Index. The MSCI EAFE Index (Europe, Australasia, Far East) 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 developed market countries, excluding the United States and Canada. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -100% of the daily return of the MSCI EAFE Index.