ProShares Ultra Oil & Gas (NYSEARCA:DIG) Shares Scheduled to Split on Friday, May 27th

Shares of ProShares Ultra Oil & Gas (NYSEARCA:DIGGet Rating) are set to split on the morning of Friday, May 27th. The 4-1 split was announced on Friday, May 27th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 27th.

Shares of NYSEARCA:DIG opened at $163.00 on Wednesday. ProShares Ultra Oil & Gas has a fifty-two week low of $50.67 and a fifty-two week high of $164.71. The business has a 50-day simple moving average of $145.53 and a two-hundred day simple moving average of $113.94.

A number of large investors have recently modified their holdings of the business. Morgan Stanley grew its stake in shares of ProShares Ultra Oil & Gas by 2,835.7% during the 1st quarter. Morgan Stanley now owns 2,055 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 1,985 shares during the period. Ironwood Wealth Management LLC. grew its stake in shares of ProShares Ultra Oil & Gas by 100.0% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 528 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 264 shares during the period. Wells Fargo & Company MN grew its stake in shares of ProShares Ultra Oil & Gas by 99.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,001 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 500 shares during the period. OLD Mission Capital LLC grew its stake in shares of ProShares Ultra Oil & Gas by 177.4% during the 3rd quarter. OLD Mission Capital LLC now owns 29,241 shares of the exchange traded fund’s stock valued at $1,993,000 after purchasing an additional 18,699 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in shares of ProShares Ultra Oil & Gas during the 3rd quarter valued at about $25,000.

About ProShares Ultra Oil & Gas (Get Rating)

ProShares Ultra Oil & Gas (the fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Oil & Gas Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.

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