ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 431,750 shares, a growth of 128.2% from the September 30th total of 189,229 shares. Approximately 7.3% of the company’s shares are short sold. Based on an average daily volume of 1,615,360 shares, the short-interest ratio is presently 0.3 days.
ProShares Ultra SpaceX ETF Stock Performance
NYSEARCA SPCF traded down $1.84 on Friday, hitting $12.63. The company’s stock had a trading volume of 1,222,194 shares, compared to its average volume of 2,489,297. ProShares Ultra SpaceX ETF has a 52-week low of $8.85 and a 52-week high of $46.71. The firm’s 50-day simple moving average is $16.46.
ProShares Ultra SpaceX ETF Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Wednesday, September 23rd were paid 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 2.4%.
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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