ProShares UltraShort Semiconductors Stock Set to Reverse Split on Thursday, November 20th (NYSEARCA:SSG)

ProShares UltraShort Semiconductors (NYSEARCA:SSG)’s stock is scheduled to reverse split before the market opens on Thursday, November 20th. The 1-4 reverse split was announced on Tuesday, November 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.

ProShares UltraShort Semiconductors Trading Down 1.9%

Shares of NYSEARCA:SSG opened at $8.07 on Friday. The firm’s 50 day moving average price is $8.81 and its 200-day moving average price is $12.55. ProShares UltraShort Semiconductors has a twelve month low of $6.76 and a twelve month high of $49.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Csenge Advisory Group grew its holdings in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 29.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,928 shares of the company’s stock after acquiring an additional 8,592 shares during the period. Csenge Advisory Group owned about 2.00% of ProShares UltraShort Semiconductors worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Semiconductors Company Profile

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game.