ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments. The Fund intends to concentrate its investments in a particular industry or group of industries to approximately the same extent as the Index is so concentrated. ProShare Advisors LLC serves as the investment advisor to the Fund.
Basic Details
Issuer ProShares
Fund NameProShares UltraShort Utilities
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:SDP
Inception Date1/30/2007
Fund ManagerMichael Neches, Tarak Dave
Phone+1-240-4976400
Fund Focus
Asset ClassEquity
BenchmarkDow Jones US Utilities Sector Index
CategorySector
FocusUtilities
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$4.46 million
Average Daily Volume$5,394.10
Discount/Premium0.03%
ETF Expenses
Management Fee0.75%
Other Expenses0.97%
Total Expenses1.72%
Fee Waiver-0.77%
Net Expenses0.95%
Administrator, Advisor and Custodian
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Transfer AgentJPMorgan Chase Bank, N.A.
Trustee
Lead Market MakerIMC Chicago
ProShares UltraShort Utilities (NYSEARCA:SDP) Frequently Asked Questions
What is ProShares UltraShort Utilities' stock symbol?
ProShares UltraShort Utilities trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SDP."
How often does ProShares UltraShort Utilities pay dividends? What is the dividend yield for ProShares UltraShort Utilities?
ProShares UltraShort Utilities announced a quarterly dividend on Tuesday, December 24th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.0095 per share on Thursday, January 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Tuesday, December 24th. View ProShares UltraShort Utilities' Dividend History.
Has ProShares UltraShort Utilities been receiving favorable news coverage?
Headlines about SDP stock have trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ProShares UltraShort Utilities earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for ProShares UltraShort Utilities.
Who are ProShares UltraShort Utilities' key executives?
ProShares UltraShort Utilities' management team includes the folowing people:
- Michael L. Sapir, Chairman of ProShares Trust (Age 57)
- Louis M. Mayberg, President of ProShares Trust (Age 53)
- Victor M. Frye Esq., Chief Compliance Officer and AML Officer of ProShares Trust (Age 56)
- Simon D. Collier, Treasurer of ProShares Trust (Age 51)
- Gary A. Casagrande, Assistant Treasurer of ProShares Trust (Age 40)
- Charles S. Todd, Assistant Treasurer of ProShares Trust (Age 41)
- Stephenie Adams, Acting Secretary of ProShares Trust (Age 43)
- Gregory Pickard Esq., Assistant Secretary of ProShares Trust (Age 48)
- Russell S. Reynolds III, Trustee of ProShares Trust (Age 55)
- Michael C. Wachs, Trustee of ProShares Trust (Age 51)
How do I buy shares of ProShares UltraShort Utilities?
Shares of SDP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is ProShares UltraShort Utilities' stock price today?
One share of SDP stock can currently be purchased for approximately $13.19.
How big of a company is ProShares UltraShort Utilities?
What is ProShares UltraShort Utilities' official website?
How can I contact ProShares UltraShort Utilities?
ProShares UltraShort Utilities' mailing address is 7501 Wisconsin Avenue Suite 1000 - East Tower, Bethesda, MD 20814, United States. The company can be reached via phone at +1-240-4976400.
MarketBeat Community Rating for ProShares UltraShort Utilities (NYSEARCA SDP)
MarketBeat's community ratings are surveys of what our community members think about ProShares UltraShort Utilities and other stocks. Vote "Outperform" if you believe SDP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SDP will underperform the S&P 500 over the long term. You may vote once every thirty days.
