ProShares UltraShort Utilities (SDP)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
24.37 USD
+0.57
(2.386%)
⇧
(Aug. 28, 2026, 2:46 p.m.
EDT)
After hours: 24.37 |
Hot Take ↕ | Aug. 22, 2026, 3:40 a.m. EDT
This instrument is a leveraged inverse utility ETF designed to profit from falling utility prices, yet the underlying market environment has been hostile to that thesis. Over the last nine years, the asset has lost over 90% of its value, driven by eight consecutive years of negative annual returns. While the most recent year saw a rebound, the trailing two-year decline confirms a persistent downtrend that the leverage has amplified rather than mitigated. The recent price action shows a slight uptick, moving above key moving averages, which offers a fleeting technical reprieve, but the macro backdrop remains bearish for utilities. The options market reinforces this pessimism, with heavy positioning in downside protection. Despite the 5.49% yield, this payout is not income; it is a return of capital eroding the remaining principal of a dying trade. Investors seeking exposure to the utility sector should look at long-only vehicles; holding this leveraged short product is a losing strategy in a rising rate and stable utility environment. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.048748 |
| AutoARIMA | 0.048749 |
| MSTL | 0.051141 |
| AutoTheta | 0.061978 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 5.93 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.289 |
| Excess Kurtosis | -0.74 |
As of Aug. 22, 2026, 3:40 a.m. EDT: Speculators are positioning for continued weakness, evidenced by significant put open interest at strikes well below the current price (12.0 strike) and a cluster of put volume at the 23.0 strike. Call activity is negligible, with minimal interest in upside protection or speculation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.81% | 3.85% | 3.56% | 2.56% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.171 | 0.805464 |
| 2026-03-25 | 0.060 | 0.274223 |
| 2025-12-24 | 0.494 | 1.996766 |
| 2025-09-24 | 0.192 | 0.771084 |
| 2025-06-25 | 0.164 | 0.572226 |
| 2025-03-26 | 0.146 | 0.462611 |
| 2024-12-23 | 0.650 | 1.967312 |
| 2024-09-25 | 0.248 | 0.810458 |
| 2024-06-26 | 0.420 | 1.014493 |
| 2024-03-20 | 0.240 | 0.492207 |
| 2023-12-20 | 0.576 | 1.123245 |
| 2023-09-20 | 0.192 | 0.381862 |
| 2023-06-21 | 0.532 | 1.132879 |
| 2023-03-22 | 0.216 | 0.425867 |
| 2022-12-22 | 0.244 | 0.558608 |
| 2020-03-25 | 0.096 | 0.067265 |
| 2019-12-24 | 0.072 | 0.060484 |
| 2019-09-25 | 0.352 | 0.297901 |
| 2019-06-25 | 0.400 | 0.296736 |
| 2019-03-20 | 0.192 | 0.125918 |
| 2018-12-26 | 0.088 | 0.047129 |
| 2009-12-23 | 8.256 | 0.421775 |
| 2009-09-24 | 330.240 | 14.162206 |
| 2009-06-24 | 412.800 | 12.688109 |
| 2009-03-24 | 422.400 | 9.415793 |
| 2008-12-23 | 2733.024 | 59.064313 |
| 2008-09-24 | 12.576 | 0.181667 |
| 2008-06-24 | 12.480 | 0.254453 |
| 2008-03-25 | 32.928 | 0.546962 |
| 2007-09-25 | 106.272 | 1.981385 |
| 2007-06-26 | 47.520 | 0.800323 |
| Attribute | Value |
|---|---|
| All Time High | 13,690.56 |
| All Time Low | 8.72 |
| Ask | 25.2 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 5,520 |
| Average Daily Volume3 Month | 4,598 |
| Average Volume | 4,598 |
| Average Volume10Days | 5,520 |
| Beta3 Year | -0.8 |
| Bid | 24.42 |
| Bid Size | 200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 24.425 |
| Day Low | 23.6701 |
| Dividend Yield | 5.49 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 22.1726 |
| Fifty Day Average Change | 2.1933002 |
| Fifty Day Average Change Percent | 0.0989194 |
| Fifty Two Week Change Percent | -10.72768 |
| Fifty Two Week High | 27.82 |
| Fifty Two Week High Change | -3.4540997 |
| Fifty Two Week High Change Percent | -0.12415887 |
| Fifty Two Week Low | 19.78 |
| Fifty Two Week Low Change | 4.5858994 |
| Fifty Two Week Low Change Percent | 0.23184526 |
| Fifty Two Week Range | 19.78 - 27.82 |
| First Trade Date Milliseconds | 1,173,879,000,000 |
| Five Year Average Return | -0.1386482 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.567801 |
| Fullday Change Percent | 2.38591 |
| Fullday Price | 24.3659 |
| Fund Family | ProShares |
| Fund Inception Date | 1,170,115,200 |
| 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 index is designed to measure the performance of utilities 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. |
| Long Name | ProShares UltraShort Utilities |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_32432405 |
| Nav Price | 23.4538 |
| Net Assets | 4,129,505.0 |
| Net Expense Ratio | 0.95 |
| Open | 23.71 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 24.3659 |
| Post Market Time | 1,787,955,522 |
| Previous Close | 23.7981 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.567801 |
| Regular Market Change Percent | 2.38591 |
| Regular Market Day High | 24.425 |
| Regular Market Day Low | 23.6701 |
| Regular Market Day Range | 23.6701 - 24.425 |
| Regular Market Open | 23.71 |
| Regular Market Previous Close | 23.7981 |
| Regular Market Price | 24.3659 |
| Regular Market Time | 1,787,942,762 |
| Regular Market Volume | 3,113 |
| Short Name | ProShares UltraShort Utilities |
| Source Interval | 15 |
| Symbol | SDP |
| Three Year Average Return | -0.19737048 |
| Total Assets | 4,129,505 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 11.5741 |
| Trailing Three Month Returns | 11.5741 |
| Triggerable | 1 |
| Two Hundred Day Average | 22.7048 |
| Two Hundred Day Average Change | 1.6611004 |
| Two Hundred Day Average Change Percent | 0.07316076 |
| Type Disp | ETF |
| Volume | 3,113 |
| Yield | 0.054899998 |
| Ytd Return | -7.58085 |