ProShares Short SmallCap600 (NYSEARCA:SBB) Shares Set to Reverse Split on Thursday, May 28th

ProShares Short SmallCap600 (NYSEARCA:SBB) shares are scheduled to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

ProShares Short SmallCap600 Stock Up 1.0%

SBB stock traded up $0.12 during trading on Tuesday, reaching $12.10. 16,400 shares of the stock were exchanged, compared to its average volume of 10,662. The firm’s 50 day moving average is $12.76 and its 200 day moving average is $13.14. ProShares Short SmallCap600 has a twelve month low of $11.79 and a twelve month high of $16.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP purchased a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 as of its most recent filing with the SEC.

ProShares Short SmallCap600 Company Profile

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.