ProShares UltraShort SmallCap600 (NYSEARCA:SDD) 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 0.0397 per share on Wednesday, March 27th. This represents a $0.16 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 20th.
SDD stock traded up $0.16 during trading hours on Wednesday, hitting $14.01. The company’s stock had a trading volume of 819 shares, compared to its average volume of 3,558. ProShares UltraShort SmallCap600 has a 12 month low of $10.94 and a 12 month high of $20.13.
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ProShares UltraShort SmallCap600 Company Profile
ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
See Also: Cost of Capital
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