The index is designed to measure the performance of materials companies included in the S&P 500 Index. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Frequently asked questions
What is the ProShares UltraShort Basic Materials (SMN) expense ratio?
The ProShares UltraShort Basic Materials funds expense ratio is 0.95%.
What is ProShares UltraShort Basic Materials (SMN) current stock price?
As of the latest data, ProShares UltraShort Basic Materials stock price is $19.65, with a previous close of $19.73. ProShares UltraShort Basic Materials lost -$0.07 in the last trading session, representing a -0.38% loss.
Does ProShares UltraShort Basic Materials (SMN) pay dividends?
Yes. ProShares UltraShort Basic Materials pays quarterly dividends with an annualized yield of 3.05% and an estimated annual payout of $0.60 per share.