ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) declared a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Stockholders of record on Thursday, March 21st will be paid a dividend of 0.0826 per share by the exchange traded fund on Wednesday, March 27th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, March 20th.
Shares of SPXU traded up $0.26 during trading hours on Wednesday, reaching $31.94. The company’s stock had a trading volume of 9,928,520 shares, compared to its average volume of 4,984,067. ProShares UltraPro Short S&P 500 has a 1-year low of $31.06 and a 1-year high of $57.87.
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About ProShares UltraPro Short S&P 500
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.
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