ProShares Short S&P500 (SH)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
32.97 USD
+0.24
(0.733%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 33.01 +0.04 (0.121%) ⇧ (July 13, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:42 a.m. EDT
The short-term outlook remains strongly bullish for this inverse vehicle, driven by the persistent downtrend in the S&P 500. The underlying index has suffered eight consecutive years of negative returns, with the last three being particularly severe, creating a powerful tailwind for this security. While the recent price action shows some consolidation near the 52-week lows, the macro backdrop of a struggling equity market supports a high-conviction near-term entry. However, the long-term investment case is fundamentally flawed; this is a speculative play on a declining market, not a business with sustainable growth. The multi-year trajectory confirms a structural deterioration in the underlying asset class, making this unsuitable for a buy-and-hold strategy despite the attractive yield. The dividend yield is robust but acts as a return accelerator in a falling market rather than a sign of corporate health. Options flow reinforces the bearish thesis on the underlying, with heavy speculation on further downside moves. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.023787 |
| MSTL | 0.031904 |
| AutoETS | 0.036778 |
| AutoARIMA | 0.042135 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 70% |
| H-stat | 0.81 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.579 |
| Excess Kurtosis | -0.71 |
As of July 11, 2026, 3:42 a.m. EDT: Speculators are aggressively positioning for a continued decline in the underlying index, evidenced by massive put volume and open interest at strikes significantly below current levels (e.g., $28, $31, $14 for Jan 2027). Call activity is concentrated near the money or slightly out-of-the-money, suggesting a 'sell the dip' strategy rather than a bullish breakout. Implied volatility is elevated on deep out-of-the-money puts, indicating a fear of a sharp downside spike.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.95% | 3.88% | 4.84% | 3.52% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.320 | 0.952664 |
| 2026-03-25 | 0.179 | 0.476698 |
| 2025-12-24 | 0.477 | 1.341772 |
| 2025-09-24 | 0.413 | 1.110215 |
| 2025-06-25 | 0.418 | 1.036192 |
| 2025-03-26 | 0.311 | 0.710532 |
| 2024-12-23 | 0.704 | 1.688654 |
| 2024-09-25 | 0.564 | 1.292392 |
| 2024-06-26 | 0.792 | 1.742958 |
| 2024-03-20 | 0.568 | 1.193277 |
| 2023-12-20 | 0.944 | 1.794677 |
| 2023-09-20 | 0.660 | 1.173542 |
| 2023-06-21 | 0.700 | 1.240255 |
| 2023-03-22 | 0.488 | 0.781550 |
| 2022-12-22 | 0.204 | 0.317164 |
| 2022-09-21 | 0.488 | 0.745721 |
| 2020-03-25 | 0.112 | 0.096187 |
| 2019-12-24 | 0.348 | 0.361746 |
| 2019-09-25 | 0.428 | 0.410749 |
| 2019-06-25 | 0.504 | 0.470149 |
| 2019-03-20 | 0.412 | 0.371037 |
| 2018-12-26 | 0.368 | 0.288763 |
| 2018-09-26 | 0.432 | 0.394593 |
| 2018-06-20 | 0.312 | 0.270833 |
| 2018-03-21 | 0.152 | 0.128596 |
| 2017-12-26 | 0.072 | 0.059701 |
| 2008-12-23 | 95.864 | 15.850529 |
| 2008-09-24 | 1.448 | 0.251110 |
| 2008-06-24 | 1.600 | 0.299581 |
| 2008-03-25 | 2.040 | 0.389313 |
| 2007-12-20 | 4.512 | 0.928395 |
| 2007-09-25 | 6.336 | 1.345794 |
| 2007-06-26 | 4.136 | 0.856669 |
| 2007-03-27 | 3.536 | 0.709584 |
| 2006-12-20 | 9.272 | 1.872677 |
| Attribute | Value |
|---|---|
| All Time High | 843.52 |
| All Time Low | 11.24 |
| Ask | 32.99 |
| Ask Size | 148,500 |
| Average Daily Volume10 Day | 6,019,510 |
| Average Daily Volume3 Month | 9,572,901 |
| Average Volume | 9,572,901 |
| Average Volume10Days | 6,019,510 |
| Beta3 Year | -0.96 |
| Bid | 32.98 |
| Bid Size | 140,100 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 33.02 |
| Day Low | 32.7697 |
| Dividend Yield | 4.21 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 33.4572 |
| Fifty Day Average Change | -0.48719788 |
| Fifty Day Average Change Percent | -0.0145618245 |
| Fifty Two Week Change Percent | -16.823381 |
| Fifty Two Week High | 39.85 |
| Fifty Two Week High Change | -6.8799973 |
| Fifty Two Week High Change Percent | -0.17264737 |
| Fifty Two Week Low | 32.7 |
| Fifty Two Week Low Change | 0.27000046 |
| Fifty Two Week Low Change Percent | 0.008256895 |
| Fifty Two Week Range | 32.7 - 39.85 |
| First Trade Date Milliseconds | 1,150,896,600,000 |
| Five Year Average Return | -0.08483811 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,150,675,200 |
| 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 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 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 Short S&P500 |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_48976441 |
| Nav Price | 32.8398 |
| Net Assets | 972,854,660.0 |
| Net Expense Ratio | 0.89 |
| Open | 32.825 |
| Post Market Change | 0.0399971 |
| Post Market Change Percent | 0.12131362 |
| Post Market Price | 33.01 |
| Post Market Time | 1,783,987,158 |
| Previous Close | 32.73 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.240002 |
| Regular Market Change Percent | 0.733277 |
| Regular Market Day High | 33.02 |
| Regular Market Day Low | 32.7697 |
| Regular Market Day Range | 32.7697 - 33.02 |
| Regular Market Open | 32.825 |
| Regular Market Previous Close | 32.73 |
| Regular Market Price | 32.97 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 6,496,146 |
| Short Name | ProShares Short S&P500 |
| Source Interval | 15 |
| Symbol | SH |
| Three Year Average Return | -0.1228309 |
| Total Assets | 972,854,656 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -12.14024 |
| Trailing Three Month Returns | -12.14024 |
| Triggerable | 1 |
| Two Hundred Day Average | 35.6933 |
| Two Hundred Day Average Change | -2.723297 |
| Two Hundred Day Average Change Percent | -0.07629716 |
| Type Disp | ETF |
| Volume | 6,496,146 |
| Yield | 0.0421 |
| Ytd Return | -7.14323 |