ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Shares Shorted: Short Interest Down 45.8% in September

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 189,229 shares, a decline of 45.8% from the September 15th total of 348,824 shares. Based on an average trading volume of 1,340,992 shares, the short-interest ratio is currently 0.1 days. Currently, 3.4% of the shares of the company are short sold.

ProShares Ultra SpaceX ETF Price Performance

SPCF stock traded down $0.64 during mid-day trading on Wednesday, reaching $16.99. 362,616 shares of the stock traded hands, compared to its average volume of 2,563,762. The stock has a 50-day simple moving average of $16.21. ProShares Ultra SpaceX ETF has a 52 week low of $8.85 and a 52 week high of $46.71.

ProShares Ultra SpaceX ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Wednesday, September 23rd were given a dividend of $0.0758 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 23rd.

About ProShares Ultra SpaceX ETF

SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.