Shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) are going to reverse split before the market opens 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 Price Performance
Shares of NYSEARCA:SMDD traded down $0.14 during trading on Wednesday, hitting $8.32. 44,529 shares of the stock traded hands, compared to its average volume of 13,298. The company has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $9.04. ProShares UltraPro Short MidCap 400 has a 52-week low of $7.08 and a 52-week high of $15.18.
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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