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

ProShares Ultra Oil & Gas (NYSEARCA:DIGGet Rating)’s stock is scheduled to split on Friday, May 27th. The 4-1 split was announced on Friday, May 27th. The newly created shares will be payable to shareholders after the market closes on Friday, May 27th.

NYSEARCA:DIG opened at $150.15 on Friday. The company has a fifty day moving average of $142.17 and a 200-day moving average of $110.31. ProShares Ultra Oil & Gas has a twelve month low of $50.67 and a twelve month high of $161.72.

Large investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. acquired a new stake in ProShares Ultra Oil & Gas in the 3rd quarter valued at $25,000. Morgan Stanley grew its position in ProShares Ultra Oil & Gas by 75.0% in the 3rd quarter. Morgan Stanley now owns 364 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 156 shares during the period. Ironwood Wealth Management LLC. grew its position in ProShares Ultra Oil & Gas by 100.0% in 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 position in ProShares Ultra Oil & Gas by 99.8% in 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. Finally, Ahrens Investment Partners LLC acquired a new stake in ProShares Ultra Oil & Gas in the 4th quarter valued at $105,000.

ProShares Ultra Oil & Gas Company Profile (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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