ProShares UltraShort S&P500 (SDS) Sees Large Increase in Short Interest
ProShares UltraShort S&P500 (NYSEARCA:SDS) was the target of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,315,926 shares, an increase of 97.6% from the March 15th total of 665,813 shares. Based on an average trading volume of 7,472,532 shares, the short-interest ratio is presently 0.2 days.
SDS opened at $31.68 on Tuesday. ProShares UltraShort S&P500 has a 52 week low of $31.58 and a 52 week high of $49.47.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a dividend of $0.0902 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, March 20th.
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About ProShares UltraShort S&P500
ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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