ProShares UltraShort MidCap 400 (NYSEARCA:MZZ – Free Report) shares are going to reverse split on Thursday, November 19th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.
ProShares UltraShort MidCap 400 Trading Down 1.1%
MZZ stock traded down $0.07 during midday trading on Wednesday, reaching $6.21. 469 shares of the company’s stock traded hands, compared to its average volume of 8,689. The company has a 50-day simple moving average of $6.35 and a two-hundred day simple moving average of $6.48. ProShares UltraShort MidCap 400 has a 1-year low of $5.55 and a 1-year high of $9.08.
About ProShares UltraShort MidCap 400
ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). Securities are selected for inclusion in the Index by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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