ProShares UltraPro Short MidCap400 (SMDD)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
9.08 USD
+0.26
(2.892%)
⇧
(Oct. 16, 2026, 3:59 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 7:02 a.m. EDT
This instrument is a specialized leveraged inverse ETF designed for short-term tactical hedging against mid-cap equities, making it fundamentally unsuitable for long-term holding. The underlying data reveals a catastrophic multi-year decline of nearly 99%, driven by eight consecutive years of negative annual returns. This structural deterioration confirms that the asset class it tracks has been in a prolonged downtrend, rendering any 'value' thesis invalid. While the recent price action shows a slight uptick, the security remains significantly below its 200-day moving average, indicating persistent downward pressure. The 3.6% dividend yield is misleading; it represents a return of capital due to the compounding of losses and management fees, not sustainable income generation. With the payout ratio likely exceeding 100% given the asset's eroding net asset value, the dividend is unsustainable. For investors, this is a tool for specific, short-duration defensive plays, not a portfolio component. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.065052 |
| AutoETS | 0.065204 |
| AutoARIMA | 0.065228 |
| AutoTheta | 0.075930 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 46% |
| H-stat | 2.84 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.241 |
| Excess Kurtosis | -1.23 |
As of Oct. 10, 2026, 7:02 a.m. EDT: Options activity is virtually dormant with negligible open interest and volume across both calls and puts. The lack of positioning suggests a lack of speculative conviction in either direction, reflecting the instrument's status as a niche hedging tool rather than a trade vehicle.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.82% | 3.39% | 3.86% | 2.70% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-23 | 0.072 | 0.820981 |
| 2026-06-24 | 0.071 | 0.901015 |
| 2026-03-25 | 0.050 | 0.449640 |
| 2025-12-24 | 0.142 | 1.215753 |
| 2025-09-24 | 0.195 | 1.468374 |
| 2025-06-25 | 0.190 | 1.164930 |
| 2025-03-26 | 0.090 | 0.450450 |
| 2024-12-23 | 0.310 | 1.763367 |
| 2024-09-25 | 0.232 | 1.230117 |
| 2024-06-26 | 0.124 | 0.535406 |
| 2024-03-20 | 0.066 | 0.304147 |
| 2023-12-20 | 0.360 | 1.280228 |
| 2023-09-20 | 0.242 | 0.659041 |
| 2023-06-21 | 0.238 | 0.655286 |
| 2023-03-22 | 0.200 | 0.444444 |
| 2022-12-22 | 0.064 | 0.139982 |
| 2020-03-25 | 0.128 | 0.016978 |
| 2019-12-24 | 0.896 | 0.226537 |
| 2019-09-25 | 1.472 | 0.307076 |
| 2019-06-25 | 2.048 | 0.380048 |
| 2019-03-20 | 1.536 | 0.267559 |
| 2018-12-26 | 0.768 | 0.086022 |
| Attribute | Value |
|---|---|
| All Time High | 82,196.48 |
| All Time Low | 7.08 |
| Ask | 9.36 |
| Ask Size | 9,400 |
| Average Daily Volume10 Day | 11,830 |
| Average Daily Volume3 Month | 11,095 |
| Average Volume | 11,095 |
| Average Volume10Days | 11,830 |
| Beta3 Year | -2.86 |
| Bid | 9.0 |
| Bid Size | 9,400 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 9.13 |
| Day Low | 8.7202 |
| Display Name | UltraPro Short MidCap400 |
| Dividend Yield | 3.63 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.265 |
| Fifty Day Average Change | 0.8149996 |
| Fifty Day Average Change Percent | 0.09860854 |
| Fifty Two Week Change Percent | -35.194706 |
| Fifty Two Week High | 15.18 |
| Fifty Two Week High Change | -6.1000004 |
| Fifty Two Week High Change Percent | -0.40184456 |
| Fifty Two Week Low | 7.08 |
| Fifty Two Week Low Change | 2.0 |
| Fifty Two Week Low Change Percent | 0.28248587 |
| Fifty Two Week Range | 7.08 - 15.18 |
| First Trade Date Milliseconds | 1,265,898,600,000 |
| Five Year Average Return | -0.2705569 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.2552004 |
| Fullday Change Percent | 2.8951356 |
| Fullday Price | 9.08 |
| Fund Family | ProShares |
| Fund Inception Date | 1,265,673,600 |
| 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 mid-cap 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 UltraPro Short MidCap400 |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_98126592 |
| Nav Price | 8.822 |
| Net Assets | 2,295,425.0 |
| Net Expense Ratio | 0.95 |
| Open | 8.7202 |
| Previous Close | 8.8248 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.2552 |
| Regular Market Change Percent | 2.89185 |
| Regular Market Day High | 9.13 |
| Regular Market Day Low | 8.7202 |
| Regular Market Day Range | 8.7202 - 9.13 |
| Regular Market Open | 8.7202 |
| Regular Market Previous Close | 8.8248 |
| Regular Market Price | 9.08 |
| Regular Market Time | 1,792,180,790 |
| Regular Market Volume | 16,041 |
| Short Name | UltraPro Short MidCap400 |
| Source Interval | 15 |
| Symbol | SMDD |
| Three Year Average Return | -0.3793828 |
| Total Assets | 2,295,425 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 23.74401 |
| Trailing Three Month Returns | 23.74401 |
| Triggerable | 1 |
| Two Hundred Day Average | 9.196 |
| Two Hundred Day Average Change | -0.116000175 |
| Two Hundred Day Average Change Percent | -0.012614199 |
| Type Disp | ETF |
| Volume | 16,041 |
| Yield | 0.0363 |
| Ytd Return | -24.34719 |