ProShares UltraShort S&P500 (NYSEARCA:SDS) announced a quarterly dividend on Thursday, September 27th, Wall Street Journal reports. Stockholders of record on Thursday, September 27th will be paid a dividend of 0.1717 per share by the real estate investment trust on Wednesday, October 3rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, September 26th. This is a boost from ProShares UltraShort S&P500’s previous quarterly dividend of $0.08.
Shares of SDS traded down $0.17 during midday trading on Thursday, reaching $33.08. The stock had a trading volume of 2,280,079 shares, compared to its average volume of 5,351,433. ProShares UltraShort S&P500 has a 1-year low of $32.65 and a 1-year high of $47.24.
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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