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

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) shares are 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 market closes on Wednesday, November 6th.

ProShares UltraShort FTSE Europe Stock Performance

EPV stock opened at $7.59 on Tuesday. ProShares UltraShort FTSE Europe has a one year low of $6.55 and a one year high of $11.03. The firm’s fifty day moving average is $7.14 and its 200 day moving average is $7.41.

Hedge Funds 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 stake in shares of ProShares UltraShort FTSE Europe (NYSEARCA:EPV) by 16.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,086 shares of the company’s stock after purchasing an additional 4,629 shares during the period. Verity Asset Management Inc. owned about 1.10% of ProShares UltraShort FTSE Europe worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraShort FTSE Europe Company Profile

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.