ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 1,615,360 shares, the short-interest ratio is currently 0.3 days. Currently, 7.3% of the company’s shares are sold short.
ProShares Ultra SpaceX ETF Stock Down 12.7%
ProShares Ultra SpaceX ETF stock opened at $12.63 on Friday. The stock’s fifty day simple moving average is $16.46. ProShares Ultra SpaceX ETF has a 52 week low of $8.85 and a 52 week high of $46.71.
ProShares Ultra SpaceX ETF Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Wednesday, September 23rd were given a $0.0758 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.30 annualized dividend 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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