ProShares UltraShort Financials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States-domiciled international banks; full line, life and property and casualty insurance companies; companies that invest directly or indirectly in real estate; diversified financial companies, such as Federal National Mortgage Association, credit card issuers and investment advisers; securities brokers and dealers, including investment banks, merchant banks and online brokers, and publicly traded stock exchanges. It takes positions in securities and financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index.
Basic Details
Issuer ProShares
Fund NameProShares UltraShort Financials
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:SKF
Inception Date1/30/2007
Fund ManagerMichael Neches, Tarak Dave
Phone+1-240-4976400
Fund Focus
Asset ClassEquity
BenchmarkDow Jones US Financial Sector Index
CategorySector
FocusFinancials
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$23.26 million
Average Daily Volume$27,141.00
Discount/Premium-0.01%
ETF Expenses
Management Fee0.75%
Other Expenses0.35%
Total Expenses1.10%
Fee Waiver-0.15%
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 MakerVirtu Financial
ProShares UltraShort Financials (NYSEARCA:SKF) Frequently Asked Questions
What is ProShares UltraShort Financials' stock symbol?
ProShares UltraShort Financials trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SKF."
How often does ProShares UltraShort Financials pay dividends? What is the dividend yield for ProShares UltraShort Financials?
ProShares UltraShort Financials declared a quarterly dividend on Tuesday, December 24th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.0425 per share on Thursday, January 2nd. This represents a $0.17 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, December 24th. This is a boost from ProShares UltraShort Financials's previous quarterly dividend of $0.04. View ProShares UltraShort Financials' Dividend History.
Has ProShares UltraShort Financials been receiving favorable news coverage?
News headlines about SKF stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ProShares UltraShort Financials earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent news 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 Financials.
What other stocks do shareholders of ProShares UltraShort Financials own?
Who are ProShares UltraShort Financials' key executives?
ProShares UltraShort Financials' 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)
Who are ProShares UltraShort Financials' major shareholders?
Which major investors are buying ProShares UltraShort Financials stock?
How do I buy shares of ProShares UltraShort Financials?
Shares of SKF 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 Financials' stock price today?
One share of SKF stock can currently be purchased for approximately $12.74.
How big of a company is ProShares UltraShort Financials?
What is ProShares UltraShort Financials' official website?
How can I contact ProShares UltraShort Financials?
ProShares UltraShort Financials' mailing address is 7501 Wisconsin Avenue Suite 1000, Bethesda, MD 20814, United States. The company can be reached via phone at +1-240-4976400.
MarketBeat Community Rating for ProShares UltraShort Financials (NYSEARCA SKF)
MarketBeat's community ratings are surveys of what our community members think about ProShares UltraShort Financials and other stocks. Vote "Outperform" if you believe SKF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKF will underperform the S&P 500 over the long term. You may vote once every thirty days.
