ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Stock Short Interest Falls 45.8%

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) was the recipient of a significant drop in short interest in 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. Based on an average trading volume of 1,340,992 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.4% of the company’s stock are short sold.

ProShares Ultra SpaceX ETF Price Performance

Shares of NYSEARCA SPCF traded down $0.62 during midday trading on Friday, reaching $15.25. The stock had a trading volume of 1,362,127 shares, compared to its average volume of 2,553,302. ProShares Ultra SpaceX ETF has a 12-month low of $8.85 and a 12-month high of $46.71. The business’s 50-day simple moving average is $16.46.

ProShares Ultra SpaceX ETF Announces Dividend

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 2.0%.

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.