ProShares UltraShort S&P500 (SDS)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
56.64 USD
+0.87
(1.560%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:09 a.m. EDT
This instrument is a specialized tactical weapon, not a long-term investment vehicle. The data reveals a brutal multi-year decline where the asset has lost over 95% of its value, driven by eight consecutive years of negative performance. While the 5.33% dividend yield appears attractive, it is a trap; it represents a return on a rapidly shrinking principal and does not offset the structural deterioration of the business (which is simply the inverse of the S&P 500). The options market confirms this defensive posture, with traders buying deep protection against a potential market crash. For a short-term trader, the recent price action shows resilience near the 50-day average, offering a potential bounce play, but holding this position for anything other than a few weeks is financially suicidal. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.040630 |
| AutoTheta | 0.044384 |
| MSTL | 0.066710 |
| AutoETS | 0.076296 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 8.15 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.091 |
| Excess Kurtosis | -1.33 |
As of July 11, 2026, 4:09 a.m. EDT: Speculators are aggressively positioning for a massive decline in the underlying index, evidenced by heavy put volume and open interest at deep out-of-the-money strikes (e.g., $10, $12, $23 strikes for Jan '27 puts). Conversely, call activity is concentrated in deep out-of-the-money strikes (e.g., $78, $79, $100), suggesting a bet on a sharp rebound rather than a steady grind higher. The skew indicates a fear of a 'black swan' event driving the index down significantly, while the underlying ETF itself is being used as a leveraged hedge against that specific downside risk.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.04% | 4.49% | 5.69% | 3.82% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.615 | 1.044320 |
| 2026-03-25 | 0.415 | 0.561266 |
| 2025-12-24 | 1.173 | 1.758357 |
| 2025-09-24 | 0.825 | 1.126280 |
| 2025-06-25 | 0.860 | 0.998259 |
| 2025-03-26 | 1.165 | 1.122892 |
| 2024-12-23 | 2.115 | 2.220472 |
| 2024-09-25 | 1.705 | 1.631579 |
| 2024-06-26 | 2.220 | 1.938865 |
| 2024-03-20 | 1.720 | 1.374900 |
| 2023-12-20 | 2.920 | 1.900423 |
| 2023-09-20 | 2.465 | 1.402560 |
| 2023-06-21 | 1.875 | 1.056934 |
| 2023-03-22 | 1.370 | 0.630610 |
| 2022-12-22 | 0.795 | 0.343338 |
| 2020-03-25 | 1.425 | 0.168191 |
| 2019-12-24 | 2.350 | 0.376754 |
| 2019-09-25 | 3.225 | 0.439823 |
| 2019-06-25 | 3.600 | 0.461538 |
| 2019-03-20 | 2.250 | 0.268256 |
| 2018-12-26 | 4.400 | 0.397022 |
| 2018-09-26 | 4.300 | 0.517293 |
| 2018-06-20 | 3.075 | 0.333514 |
| 2018-03-21 | 1.950 | 0.199488 |
| 2017-12-26 | 0.900 | 0.087869 |
| 2008-12-23 | 4596.400 | 14.840501 |
| 2008-09-24 | 1616.400 | 5.848046 |
| 2008-06-24 | 58.000 | 0.227594 |
| 2008-03-25 | 95.200 | 0.387496 |
| 2007-12-20 | 228.400 | 1.054089 |
| 2007-09-25 | 174.000 | 0.849112 |
| 2007-06-26 | 173.200 | 0.802000 |
| 2007-03-27 | 138.800 | 0.603373 |
| 2006-12-20 | 287.600 | 1.251959 |
| Attribute | Value |
|---|---|
| All Time High | 53,280.0 |
| All Time Low | 22.13 |
| Ask | 0.0 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 2,445,490 |
| Average Daily Volume3 Month | 3,715,803 |
| Average Volume | 3,715,803 |
| Average Volume10Days | 2,445,490 |
| Beta3 Year | -1.87 |
| Bid | 0.0 |
| Bid Size | 2,800 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 56.785 |
| Day Low | 55.9294 |
| Dividend Yield | 5.33 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 58.0978 |
| Fifty Day Average Change | -1.4578018 |
| Fifty Day Average Change Percent | -0.025092203 |
| Fifty Two Week Change Percent | -31.387037 |
| Fifty Two Week High | 83.65 |
| Fifty Two Week High Change | -27.010002 |
| Fifty Two Week High Change Percent | -0.32289302 |
| Fifty Two Week Low | 55.6 |
| Fifty Two Week Low Change | 1.0400009 |
| Fifty Two Week Low Change Percent | 0.018705053 |
| Fifty Two Week Range | 55.6 - 83.65 |
| First Trade Date Milliseconds | 1,152,797,400,000 |
| Five Year Average Return | -0.2071089 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,152,576,000 |
| 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 500 of the largest companies listed and domiciled in the U.S. 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 S&P500 |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_28040473 |
| Nav Price | 55.7648 |
| Net Assets | 397,953,376.0 |
| Net Expense Ratio | 0.91 |
| Open | 56.13 |
| Pre Market Change | -0.5895996 |
| Pre Market Change Percent | -1.0409597 |
| Pre Market Price | 56.0504 |
| Pre Market Time | 1,784,032,404 |
| Previous Close | 55.77 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.869999 |
| Regular Market Change Percent | 1.55998 |
| Regular Market Day High | 56.785 |
| Regular Market Day Low | 55.9294 |
| Regular Market Day Range | 55.9294 - 56.785 |
| Regular Market Open | 56.13 |
| Regular Market Previous Close | 55.77 |
| Regular Market Price | 56.64 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 2,860,164 |
| Short Name | ProShares UltraShort S&P500 |
| Source Interval | 15 |
| Symbol | SDS |
| Three Year Average Return | -0.2624543 |
| Total Assets | 397,953,376 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -23.73185 |
| Trailing Three Month Returns | -23.73185 |
| Triggerable | 1 |
| Two Hundred Day Average | 66.8 |
| Two Hundred Day Average Change | -10.160004 |
| Two Hundred Day Average Change Percent | -0.15209585 |
| Type Disp | ETF |
| Volume | 2,860,164 |
| Yield | 0.0533 |
| Ytd Return | -15.80519 |