ProShares UltraShort S&P500 (SDS)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
54.14 USD
+0.26
(0.483%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 54.20 +0.06 (0.111%) ⇧ (Aug. 28, 2026, 7:50 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:32 a.m. EDT
This instrument is a specialized tool for hedging a bearish view on the S&P 500, not a vehicle for capital appreciation. The underlying index has suffered a catastrophic multi-year decline, dropping nearly 95% over the last nine years, with the most recent three years showing consecutive losses. While the fund offers a 5.3% yield, this is a tax-inefficient return generated by the compounding drag of leverage on a falling asset, not a sustainable income stream from a profitable business. The options market confirms this pessimism, with traders buying heavy insurance against further drops while ignoring any chance of a rally. For a long-term investor, the structural deterioration of the underlying asset makes this a dangerous holding; it is designed to lose value over time. It serves only as a tactical hedge for portfolios exposed to equity risk. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.044332 |
| MSTL | 0.046602 |
| AutoTheta | 0.091984 |
| AutoARIMA | 0.216144 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 55% |
| H-stat | 0.84 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.519 |
| Excess Kurtosis | 0.16 |
As of Aug. 22, 2026, 5:32 a.m. EDT: Speculators are aggressively positioning for a continued decline. In the January 2027 expiration, out-of-the-money put open interest is massive (18.2k contracts) compared to calls (511), creating a dense 'wall' of downside protection. Conversely, call open interest is negligible beyond the money, indicating almost no speculative demand for a rebound. Implied volatility is significantly elevated for deep out-of-the-money puts (e.g., 323% vs 38% ATM), suggesting the market prices in a high probability of further drops.
| 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 | 54.11 |
| Ask Size | 4,700 |
| Average Daily Volume10 Day | 1,989,880 |
| Average Daily Volume3 Month | 2,878,330 |
| Average Volume | 2,878,330 |
| Average Volume10Days | 1,989,880 |
| Beta3 Year | -1.87 |
| Bid | 53.25 |
| Bid Size | 7,000 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 54.2991 |
| Day Low | 53.3209 |
| Dividend Yield | 5.29 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 56.183 |
| Fifty Day Average Change | -2.0429993 |
| Fifty Day Average Change Percent | -0.0363633 |
| Fifty Two Week Change Percent | -31.66772 |
| Fifty Two Week High | 80.5 |
| Fifty Two Week High Change | -26.36 |
| Fifty Two Week High Change Percent | -0.32745343 |
| Fifty Two Week Low | 52.54 |
| Fifty Two Week Low Change | 1.5999985 |
| Fifty Two Week Low Change Percent | 0.03045296 |
| Fifty Two Week Range | 52.54 - 80.5 |
| First Trade Date Milliseconds | 1,152,797,400,000 |
| Five Year Average Return | -0.2035498 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.259998 |
| Fullday Change Percent | 0.482551 |
| Fullday Price | 54.2 |
| 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 | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_28040473 |
| Nav Price | 54.6093 |
| Net Assets | 418,065,216.0 |
| Net Expense Ratio | 0.91 |
| Open | 53.8 |
| Post Market Change | 0.060001373 |
| Post Market Change Percent | 0.11082633 |
| Post Market Price | 54.2 |
| Post Market Time | 1,787,961,001 |
| Previous Close | 53.88 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.259998 |
| Regular Market Change Percent | 0.482551 |
| Regular Market Day High | 54.2991 |
| Regular Market Day Low | 53.3209 |
| Regular Market Day Range | 53.3209 - 54.2991 |
| Regular Market Open | 53.8 |
| Regular Market Previous Close | 53.88 |
| Regular Market Price | 54.14 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 3,192,182 |
| Short Name | ProShares UltraShort S&P500 |
| Source Interval | 15 |
| Symbol | SDS |
| Three Year Average Return | -0.2882054 |
| Total Assets | 418,065,216 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -6.56404 |
| Trailing Three Month Returns | -6.56404 |
| Triggerable | 1 |
| Two Hundred Day Average | 64.1575 |
| Two Hundred Day Average Change | -10.017502 |
| Two Hundred Day Average Change Percent | -0.15613921 |
| Type Disp | ETF |
| Volume | 3,192,182 |
| Yield | 0.0529 |
| Ytd Return | -15.17953 |