ProShares UltraShort Consumer Services Stock Scheduled to Reverse Split on Friday, May 27th (NYSEARCA:SCC)

ProShares UltraShort Consumer Services (NYSEARCA:SCCGet Rating)’s stock is scheduled to reverse split on the morning of Friday, May 27th. The 1-2 reverse split was announced on Friday, May 27th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 27th.

Shares of SCC opened at $15.75 on Monday. ProShares UltraShort Consumer Services has a fifty-two week low of $8.24 and a fifty-two week high of $16.47. The firm’s 50-day simple moving average is $11.59 and its two-hundred day simple moving average is $10.39.

An institutional investor recently raised its position in ProShares UltraShort Consumer Services stock. OLD Mission Capital LLC grew its stake in shares of ProShares UltraShort Consumer Services (NYSEARCA:SCCGet Rating) by 191.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,503 shares of the exchange traded fund’s stock after acquiring an additional 27,247 shares during the quarter. OLD Mission Capital LLC owned about 44.15% of ProShares UltraShort Consumer Services worth $397,000 as of its most recent SEC filing.

About ProShares UltraShort Consumer Services (Get Rating)

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market.

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