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ProShares Ultra SmallCap600 (SAA)

Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
36.05 USD -0.66 (-1.810%) ⇩ (Aug. 28, 2026, 3:14 p.m. EDT)
After hours: 35.35 -0.70 (-0.704%) ⇩ (Aug. 28, 2026, 7:57 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 4:31 a.m. EDT

This leveraged small-cap ETF presents a distinct dichotomy between its robust historical performance and its current lack of catalyst. Over the last nine years, the fund has delivered nearly double-digit annualized returns, driven by a series of explosive rallies in 2018 and 2021 that erased previous losses. However, the most recent annual return was essentially flat (+0.63%), indicating the market has paused its aggressive rotation into this space. While the price has recovered significantly from its 2023 lows, the absence of recent momentum and the flat trailing return suggest the bull case is currently on hold rather than accelerating. The leverage component amplifies volatility, which has been a double-edged sword here, creating massive gains followed by periods of stagnation. For investors seeking immediate alpha, the lack of recent price action and the flat latest annual return make it difficult to justify a high-conviction entry right now. The dividend yield is nominal and inconsistent, offering no meaningful income buffer. Until the underlying small-cap sector shows renewed strength to push this leveraged vehicle higher, it remains a hold for existing positions rather than a fresh buy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.038136
AutoTheta0.050731
MSTL0.084519
AutoETS0.088959

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 43%
H-stat 9.39
Ljung-Box p 0.000
Jarque-Bera p 0.348
Excess Kurtosis -1.04
Attribute Value
Trailing P/E 18.67

As of Aug. 22, 2026, 4:31 a.m. EDT: Options activity is extremely sparse with negligible open interest and volume across both calls and puts. The lack of positioning suggests a lack of speculative conviction or liquidity interest, rendering the options data uninformative regarding near-term directional bets.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.09% 1.02% 1.16% 0.83%
Dividend History
Date Dividend Yield %
2026-06-24 0.0340 0.094497
2026-03-25 0.0390 0.142753
2025-12-24 0.1280 0.472848
2025-09-24 0.0790 0.310779
2025-06-25 0.0140 0.065299
2025-03-26 0.0500 0.227998
2024-12-23 0.1380 0.525514
2024-09-25 0.0890 0.339954
2024-06-26 0.0820 0.363314
2024-03-20 0.0440 0.181668
2023-12-20 0.1090 0.455495
2023-09-20 0.0610 0.304695
2023-06-21 0.0480 0.223881
2022-12-22 0.0680 0.330739
2022-09-21 0.0270 0.133333
2020-12-23 0.0064 0.029553
2019-12-24 0.0326 0.148074
2019-06-25 0.0342 0.188846
2019-03-20 0.0100 0.052400
2018-12-26 0.0406 0.270019
2018-09-26 0.0012 0.004835
2016-12-21 0.0114 0.069133
2012-06-20 0.0009 0.019523
2012-03-21 0.0019 0.036602
2011-03-23 0.0004 0.008160
2010-12-23 0.0010 0.021231
2009-09-24 0.0008 0.028289
2009-06-24 0.0019 0.099217
2009-03-24 0.0021 0.147679
2008-12-23 0.0032 0.159046
2008-09-24 0.0041 0.082661
2008-06-24 0.0058 0.111005
2008-03-25 0.0094 0.179287
2007-12-20 0.2714 4.488176
2007-09-25 0.0094 0.127579
2007-06-26 0.0370 0.481019
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.77

Info Dump

Attribute Value
All Time High 38.94
All Time Low 0.989
Ask 37.17
Ask Size 800
Average Daily Volume10 Day 2,310
Average Daily Volume3 Month 4,671
Average Volume 4,671
Average Volume10Days 2,310
Beta3 Year 2.16
Bid 35.05
Bid Size 300
Category Trading--Leveraged Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 36.2
Day Low 36.0542
Dividend Yield 0.77
Eps Trailing Twelve Months 1.931603
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 36.8362
Fifty Day Average Change -0.7820015
Fifty Day Average Change Percent -0.021229157
Fifty Two Week Change Percent 44.315456
Fifty Two Week High 38.94
Fifty Two Week High Change -2.8857994
Fifty Two Week High Change Percent -0.07410888
Fifty Two Week Low 22.57
Fifty Two Week Low Change 13.4842
Fifty Two Week Low Change Percent 0.59743905
Fifty Two Week Range 22.57 - 38.94
First Trade Date Milliseconds 1,169,735,400,000
Five Year Average Return 0.0391695
Full Exchange Name NYSEArca
Fullday Change -0.6646
Fullday Change Percent -1.80997
Fullday Price 35.35
Fund Family ProShares
Fund Inception Date 1,169,510,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of small-cap companies listed and domiciled in the U.S. Under normal circumstances, the fund will obtain 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.
Long Name ProShares Ultra SmallCap600
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_32335964
Nav Price 36.6818
Net Assets 29,149,232.0
Net Expense Ratio 0.95
Open 36.5
Post Market Change -0.70420074
Post Market Change Percent -1.9531726
Post Market Price 35.35
Post Market Time 1,787,961,443
Previous Close 36.7188
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.6646
Regular Market Change Percent -1.80997
Regular Market Day High 36.2
Regular Market Day Low 36.0542
Regular Market Day Range 36.0542 - 36.2
Regular Market Open 36.5
Regular Market Previous Close 36.7188
Regular Market Price 36.0542
Regular Market Time 1,787,944,463
Regular Market Volume 3,993
Short Name ProShares Ultra SmallCap600
Source Interval 15
Symbol SAA
Three Year Average Return 0.216458
Total Assets 29,149,232
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 18.66543
Trailing Peg Ratio None
Trailing Three Month Nav Returns 10.92395
Trailing Three Month Returns 10.92395
Triggerable 1
Two Hundred Day Average 31.1019
Two Hundred Day Average Change 4.952299
Two Hundred Day Average Change Percent 0.15922819
Type Disp ETF
Volume 3,993
Yield 0.0077
Ytd Return 40.80509