ProShares UltraShort MidCap400 to Issue Quarterly Dividend of $0.05 (MZZ)

ProShares UltraShort MidCap400 (NYSEARCA:MZZ) announced a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 21st will be given a dividend of 0.0515 per share on Wednesday, March 27th. This represents a $0.21 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, March 20th.

Shares of NYSEARCA:MZZ traded up $0.23 on Wednesday, hitting $17.63. The company’s stock had a trading volume of 600 shares, compared to its average volume of 7,051. ProShares UltraShort MidCap400 has a 1 year low of $15.55 and a 1 year high of $26.08.

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About ProShares UltraShort MidCap400

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs).

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