ProShares UltraShort Materials (SMN)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
18.53 USD
+0.08
(0.452%)
⇧
(Aug. 28, 2026, 9:30 a.m.
EDT)
After hours: 18.53 |
Hot Take ↕ | Aug. 22, 2026, 4:09 a.m. EDT
This instrument represents a catastrophic long-term failure disguised by a mechanical dividend yield. The underlying business quality has collapsed, evidenced by a brutal nine-year trajectory where the asset has lost over 93% of its value, driven by six consecutive years of negative annual returns. This is not a value opportunity; it is a structural implosion where the market has correctly priced out the deteriorating fundamentals of the materials sector. While the 3.5% yield appears attractive on the surface, it is a phantom signal generated by the relentless erosion of share price, not by robust cash flows. For a short-term trader, the momentum is neutral to slightly bearish given the recent consolidation near lows, but the long-term outlook remains hopeless as the asset continues to bleed value against a backdrop of persistent underperformance. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.024121 |
| AutoARIMA | 0.024404 |
| MSTL | 0.024840 |
| AutoETS | 0.025085 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 0.60 |
| Ljung-Box p | 0.014 |
| Jarque-Bera p | 0.708 |
| Excess Kurtosis | -0.55 |
As of Aug. 22, 2026, 4:09 a.m. EDT: Options activity is virtually dormant with negligible open interest and volume across all strikes. The lack of positioning suggests a complete absence of speculative directional bets, reflecting the instrument's status as a niche leveraged product rather than a vehicle for active speculation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.59% | 2.92% | 4.29% | 2.95% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.117 | 0.585293 |
| 2026-03-25 | 0.052 | 0.239852 |
| 2025-12-24 | 0.284 | 1.104199 |
| 2025-09-24 | 0.274 | 0.993474 |
| 2025-06-25 | 0.310 | 1.072664 |
| 2025-03-26 | 0.202 | 0.650773 |
| 2024-12-23 | 0.630 | 1.943245 |
| 2024-09-25 | 0.384 | 1.458967 |
| 2024-06-26 | 0.340 | 1.114024 |
| 2024-03-20 | 0.316 | 1.111111 |
| 2023-12-20 | 0.536 | 1.600956 |
| 2023-09-20 | 0.380 | 1.004228 |
| 2023-06-21 | 0.332 | 0.886752 |
| 2023-03-22 | 0.240 | 0.572519 |
| 2022-12-22 | 0.180 | 0.421348 |
| 2019-12-24 | 0.168 | 0.090206 |
| 2019-09-25 | 0.512 | 0.240511 |
| 2019-06-25 | 0.368 | 0.174441 |
| 2019-03-20 | 0.288 | 0.126805 |
| 2018-12-26 | 0.168 | 0.058043 |
| 2008-12-23 | 8508.160 | 61.732062 |
| 2008-09-24 | 55.040 | 0.384787 |
| 2008-06-24 | 19.520 | 0.217935 |
| 2008-03-25 | 36.800 | 0.296315 |
| 2007-12-20 | 103.040 | 0.765209 |
| 2007-09-25 | 77.120 | 0.506835 |
| 2007-06-26 | 351.040 | 2.020630 |
| Attribute | Value |
|---|---|
| All Time High | 42,745.6 |
| All Time Low | 6.98 |
| Ask | 18.58 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 1,100 |
| Average Daily Volume3 Month | 4,001 |
| Average Volume | 4,001 |
| Average Volume10Days | 1,100 |
| Beta3 Year | -1.35 |
| Bid | 18.51 |
| Bid Size | 200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 18.5296 |
| Day Low | 18.5296 |
| Dividend Yield | 3.53 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.6056 |
| Fifty Day Average Change | -1.0760002 |
| Fifty Day Average Change Percent | -0.054882288 |
| Fifty Two Week Change Percent | -29.916794 |
| Fifty Two Week High | 31.02 |
| Fifty Two Week High Change | -12.4904 |
| Fifty Two Week High Change Percent | -0.40265635 |
| Fifty Two Week Low | 17.93 |
| Fifty Two Week Low Change | 0.59959984 |
| Fifty Two Week Low Change Percent | 0.03344115 |
| Fifty Two Week Range | 17.93 - 31.02 |
| First Trade Date Milliseconds | 1,170,426,600,000 |
| Five Year Average Return | -0.16427971 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.0834007 |
| Fullday Change Percent | 0.45213 |
| Fullday Price | 18.5296 |
| 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 materials 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 Materials |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_32432044 |
| Nav Price | 18.4663 |
| Net Assets | 4,168,490.0 |
| Net Expense Ratio | 0.95 |
| Open | 18.3 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 18.5296 |
| Post Market Time | 1,787,955,180 |
| Previous Close | 18.4462 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0834007 |
| Regular Market Change Percent | 0.45213 |
| Regular Market Day High | 18.5296 |
| Regular Market Day Low | 18.5296 |
| Regular Market Day Range | 18.5296 - 18.5296 |
| Regular Market Open | 18.3 |
| Regular Market Previous Close | 18.4462 |
| Regular Market Price | 18.5296 |
| Regular Market Time | 1,787,923,803 |
| Regular Market Volume | 218 |
| Short Name | ProShares UltraShort Materials |
| Source Interval | 15 |
| Symbol | SMN |
| Three Year Average Return | -0.1794506 |
| Total Assets | 4,168,490 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 2.87845 |
| Trailing Three Month Returns | 2.87845 |
| Triggerable | 1 |
| Two Hundred Day Average | 21.7997 |
| Two Hundred Day Average Change | -3.2700996 |
| Two Hundred Day Average Change Percent | -0.15000664 |
| Type Disp | ETF |
| Volume | 218 |
| Yield | 0.0353 |
| Ytd Return | -21.07017 |