ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Stock Short Interest Climbs 128.2%

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 431,750 shares, an increase of 128.2% from the September 30th total of 189,229 shares. Based on an average trading volume of 1,615,360 shares, the short-interest ratio is currently 0.3 days. Currently, 7.3% of the company’s shares are sold short.

ProShares Ultra SpaceX ETF Price Performance

Shares of NYSEARCA SPCF traded down $1.84 during mid-day trading on Friday, reaching $12.63. 1,213,328 shares of the company’s stock were exchanged, compared to its average volume of 2,489,118. The firm’s fifty day moving average is $16.49. ProShares Ultra SpaceX ETF has a twelve month low of $8.85 and a twelve month 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 $0.0758 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.30 annualized dividend and a dividend yield of 2.4%.

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.