ProShares UltraShort Semiconductors Stock to Reverse Split on Thursday, November 7th (NYSEARCA:SSG)

ProShares UltraShort Semiconductors (NYSEARCA:SSG) shares are going to reverse split on the morning of Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares UltraShort Semiconductors Stock Performance

SSG stock opened at $5.87 on Tuesday. The company has a 50-day moving average of $6.57 and a two-hundred day moving average of $8.18. ProShares UltraShort Semiconductors has a 52-week low of $5.27 and a 52-week high of $36.65.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently bought a new position in ProShares UltraShort Semiconductors stock. Csenge Advisory Group bought a new position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,678 shares of the company’s stock, valued at approximately $213,000. Csenge Advisory Group owned about 15.36% of ProShares UltraShort Semiconductors at the end of the most recent quarter.

About ProShares UltraShort Semiconductors

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.