ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $58.03, but opened at $55.46. ProShares UltraPro Short S&P 500 shares last traded at $55.83, with a volume of 7,919,118 shares changing hands.
ProShares UltraPro Short S&P 500 Stock Down 2.3%
The stock has a 50-day moving average of $50.15 and a 200 day moving average of $51.58.
ProShares UltraPro Short S&P 500 Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.4452 per share. The ex-dividend date is Wednesday, March 25th. This represents a $1.78 annualized dividend and a dividend yield of 3.2%.
Institutional Inflows and Outflows
ProShares UltraPro Short S&P 500 Company Profile
The Fund seeks daily investment results that correspond to triple the inverse of the daily performance of the Index. The Fund invests in derivatives that it believes should have similar daily return characteristics as triple the inverse of the daily performance of the Index.
Further Reading
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