ProShares UltraPro Short S&P500 (SPXU)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
34.29 USD
+0.25
(0.734%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 34.27 -0.02 (-0.018%) ⇩ (Aug. 28, 2026, 7:58 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:36 a.m. EDT
This is a dangerous instrument for a long-term portfolio, despite its attractive headline yield. The security is a leveraged inverse ETF designed to profit from market crashes; holding it as a 'value' investment ignores its structural mechanics. The price history reveals a catastrophic 99.35% drawdown over nine years, driven by a relentless streak of negative annual returns. This is not a temporary dip; it is a structural failure of the strategy in a bull market environment. While the recent price action shows a slight stabilization, the underlying trend remains deeply bearish. The options market confirms this fear, with traders buying insurance (puts) at exorbitant costs while avoiding exposure to any potential rally. The dividend yield is misleading; it is generated by the compounding losses of the fund, not sustainable corporate earnings. For a long-term holder, this is a value trap where the high yield masks the reality of capital destruction. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.052597 |
| MSTL | 0.070434 |
| AutoARIMA | 0.083084 |
| AutoETS | 0.083279 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 44% |
| H-stat | 3.56 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.525 |
| Excess Kurtosis | -0.40 |
As of Aug. 22, 2026, 1:36 a.m. EDT: Speculators are aggressively positioning for a massive decline, evidenced by the overwhelming open interest in deep out-of-the-money puts (strikes 10-20) expiring in late 2027 and early 2028, which represent a bet on the underlying index surging significantly. Conversely, call activity is concentrated in the money or slightly out-of-the-money, suggesting a hedge against further drops rather than a bullish thesis. The implied volatility skew is extreme, with deep puts trading at massive premiums relative to calls, confirming a market consensus of severe downside risk.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.00% | 5.15% | 6.31% | 4.26% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.391 | 1.000768 |
| 2026-03-25 | 0.445 | 0.803249 |
| 2025-12-24 | 0.959 | 2.005437 |
| 2025-09-24 | 0.740 | 1.341552 |
| 2025-06-25 | 0.752 | 1.063348 |
| 2025-03-26 | 1.040 | 1.071281 |
| 2024-12-23 | 1.928 | 2.239777 |
| 2024-09-25 | 1.800 | 1.824078 |
| 2024-06-26 | 2.320 | 2.032235 |
| 2024-03-20 | 2.540 | 1.941896 |
| 2023-12-20 | 3.640 | 2.028986 |
| 2023-09-20 | 3.480 | 1.580381 |
| 2023-06-21 | 2.740 | 1.221034 |
| 2023-03-22 | 2.300 | 0.751634 |
| 2022-12-22 | 1.320 | 0.386191 |
| 2020-03-25 | 4.200 | 0.146546 |
| 2019-12-24 | 8.600 | 0.427223 |
| 2019-09-25 | 11.200 | 0.434445 |
| 2019-06-25 | 14.800 | 0.519663 |
| 2019-03-20 | 8.300 | 0.259862 |
| 2018-12-26 | 22.500 | 0.460405 |
| 2018-09-26 | 18.500 | 0.570284 |
| 2018-06-20 | 14.000 | 0.368421 |
| 2018-03-21 | 10.400 | 0.248804 |
| 2017-12-26 | 4.800 | 0.105914 |
| Attribute | Value |
|---|---|
| All Time High | 688,080.0 |
| All Time Low | 26.83 |
| Ask | 34.35 |
| Ask Size | 18,900 |
| Average Daily Volume10 Day | 7,156,670 |
| Average Daily Volume3 Month | 8,705,972 |
| Average Volume | 8,705,972 |
| Average Volume10Days | 7,156,670 |
| Beta3 Year | -2.75 |
| Bid | 34.19 |
| Bid Size | 28,800 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.435 |
| Day Low | 33.5181 |
| Dividend Yield | 6.79 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 36.3608 |
| Fifty Day Average Change | -2.0708008 |
| Fifty Day Average Change Percent | -0.05695146 |
| Fifty Two Week Change Percent | -44.74026 |
| Fifty Two Week High | 63.12 |
| Fifty Two Week High Change | -28.829998 |
| Fifty Two Week High Change Percent | -0.45674902 |
| Fifty Two Week Low | 32.82 |
| Fifty Two Week Low Change | 1.4700012 |
| Fifty Two Week Low Change Percent | 0.0447898 |
| Fifty Two Week Range | 32.82 - 63.12 |
| First Trade Date Milliseconds | 1,245,936,600,000 |
| Five Year Average Return | -0.329307 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.25 |
| Fullday Change Percent | 0.73443 |
| Fullday Price | 34.272 |
| Fund Family | ProShares |
| Fund Inception Date | 1,245,715,200 |
| 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 the 500 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 UltraPro Short S&P500 |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_60517215 |
| Nav Price | 34.743 |
| Net Assets | 432,215,328.0 |
| Net Expense Ratio | 0.9 |
| Open | 33.98 |
| Post Market Change | -0.018001556 |
| Post Market Change Percent | -0.052497976 |
| Post Market Price | 34.272 |
| Post Market Time | 1,787,961,538 |
| Previous Close | 34.04 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.25 |
| Regular Market Change Percent | 0.73443 |
| Regular Market Day High | 34.435 |
| Regular Market Day Low | 33.5181 |
| Regular Market Day Range | 33.5181 - 34.435 |
| Regular Market Open | 33.98 |
| Regular Market Previous Close | 34.04 |
| Regular Market Price | 34.29 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 6,874,751 |
| Short Name | ProShares UltraPro Short S&P500 |
| Source Interval | 15 |
| Symbol | SPXU |
| Three Year Average Return | -0.4303773 |
| Total Assets | 432,215,328 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -10.54478 |
| Trailing Three Month Returns | -10.54478 |
| Triggerable | 1 |
| Two Hundred Day Average | 44.87105 |
| Two Hundred Day Average Change | -10.581051 |
| Two Hundred Day Average Change Percent | -0.23581018 |
| Type Disp | ETF |
| Volume | 6,874,751 |
| Yield | 0.0679 |
| Ytd Return | -23.6415 |