ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) were up 14.4% on Friday. The company traded as high as $18.61 and last traded at $18.40. 2,058,387 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 2,677,505 shares. The stock had previously closed at $16.08.
ProShares Ultra SpaceX ETF Trading Up 14.4%
The stock’s 50-day moving average is $14.99.
ProShares Ultra SpaceX ETF Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Wednesday, September 23rd were paid a $0.0758 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.30 annualized dividend and a dividend yield of 1.6%.
About ProShares Ultra SpaceX ETF
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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