ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Shares Scheduled to Reverse Split on Thursday, November 7th

ProShares UltraShort FTSE Europe (NYSEARCA:EPV)’s stock is set to reverse split on 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 closing bell on Wednesday, November 6th.

ProShares UltraShort FTSE Europe Stock Down 0.6 %

EPV stock opened at $7.55 on Friday. ProShares UltraShort FTSE Europe has a one year low of $6.55 and a one year high of $11.07. The company has a fifty day moving average price of $7.12 and a two-hundred day moving average price of $7.42.

Institutional Investors Weigh In On ProShares UltraShort FTSE Europe

A hedge fund recently raised its stake in ProShares UltraShort FTSE Europe stock. Verity Asset Management Inc. lifted its position in shares of ProShares UltraShort FTSE Europe (NYSEARCA:EPV) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,086 shares of the company’s stock after purchasing an additional 4,629 shares during the period. Verity Asset Management Inc. owned 1.10% of ProShares UltraShort FTSE Europe worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

About ProShares UltraShort FTSE Europe

The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.