ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 189,229 shares, a drop of 45.8% from the September 15th total of 348,824 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average trading volume of 1,340,992 shares, the short-interest ratio is currently 0.1 days.
ProShares Ultra SpaceX ETF Trading Down 3.6%
SPCF stock traded down $0.64 on Wednesday, reaching $16.99. 362,616 shares of the company were exchanged, compared to its average volume of 2,563,762. ProShares Ultra SpaceX ETF has a 12 month low of $8.85 and a 12 month high of $46.71. The company has a fifty day simple moving average of $16.21.
ProShares Ultra SpaceX ETF Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Wednesday, September 23rd were issued a $0.0758 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%.
ProShares Ultra SpaceX ETF Company Profile
SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.
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