NYSEARCA:SMN

ProShares UltraShort Materials (SMN) Price, Holdings, & News

$7.75
+0.04 (+0.52%)
(As of 09:33 AM ET)
Today's Range
$7.75
$7.75
50-Day Range
$6.94
$8.40
52-Week Range
$6.85
$11.08
Volume
510 shs
Average Volume
4,961 shs
Market Capitalization
$1.05 million
Assets Under Management
$1.04 million
Dividend Yield
0.65%
Net Expense Ratio
0.95%

About ProShares UltraShort Materials

ProShares UltraShort Basic Materials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index. The Index is a price return index. The Fund’s investment advisor is ProShare Advisors LLC.

SMN Stock Price History

SMN ETF News Headlines

How to camouflage a factory of 53,000 workers
"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."
SMN - ProShares UltraShort Basic Materials
Basic Materials
How to camouflage a factory of 53,000 workers
"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."
See More Headlines
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Fund Details

Issuer
ProShares
Fund Name
ProShares UltraShort Materials
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:SMN
Inception Date
1/30/2007
Fund Manager
Michael Neches, Tarak Dave

Fund Focus

Asset Class
Equity
Benchmark
S&P Materials Select Sector Index
Category
Sector
Focus
Materials
Development Level
Developed Markets
Region
North America
Number of Holdings
23

Fund Statistics

Assets Under Management
$1.04 million
Average Daily Volume
$3,783.00
Discount/Premium
0.01%
Leveraged
-2.00

Administrator, Advisor and Custodian

Administrator
JPMorgan Chase Bank, N.A.
Advisor
ProShare Advisors LLC
Custodian
JPMorgan Chase Bank, N.A.
Distributor
SEI Investments Distribution Co.
Transfer Agent
JPMorgan Chase Bank, N.A.
Trustee
N/A
Lead Market Maker
Virtu Financial

Options

Optionable
N/A
Short Interest
3,500 shs

Miscellaneous

Beta
-1.81
Creation Unit
25,000
Creation Fee
$250.00
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ProShares UltraShort Materials Expenses

TypeSMNMaterials ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.52%0.54%0.50%0.51%
Other Expenses3.29%0.37%0.54%0.64%0.58%
Total Expense4.04%0.64%0.70%0.74%0.70%
Fee Waiver-3.09%-0.52%-0.54%-0.68%-0.57%
Net Expense0.95%0.55%0.60%0.58%0.58%

ProShares UltraShort Materials (SMN) Holdings

Top 6 SMN Holdings

  • NET OTHER ASSETS (LIABILITIES)
    Holding Weight: 0.00%
  • MATERIALS SELECT SECTOR INDEX SWAP BANK OF AMERICA NA
    Holding Weight: -31.76%
  • MATERIALS SELECT SECTOR INDEX SWAP GOLDMAN SACHS INTERNATIONAL
    Holding Weight: -33.04%
  • MATERIALS SELECT SECTOR INDEX SWAP UBS AG
    Holding Weight: -35.60%
  • MATERIALS SELECT SECTOR INDEX SWAP BNP PARIBAS
    Holding Weight: -46.75%
  • MATERIALS SELECT SECTOR INDEX SWAP SOCIETE GENERALE
    Holding Weight: -48.52%

Key Executives

  • Michael L. Sapir (Age 57)
    Chairman of ProShares Trust
  • Louis M. Mayberg (Age 53)
    President of ProShares Trust
  • Victor M. Frye Esq. (Age 56)
    Chief Compliance Officer and AML Officer of ProShares Trust
  • Simon D. Collier (Age 51)
    Treasurer of ProShares Trust
  • Gary A. Casagrande (Age 40)
    Assistant Treasurer of ProShares Trust
  • Charles S. Todd (Age 41)
    Assistant Treasurer of ProShares Trust
  • Stephenie Adams (Age 43)
    Acting Secretary of ProShares Trust
  • Gregory Pickard Esq. (Age 48)
    Assistant Secretary of ProShares Trust
  • Russell S. Reynolds III (Age 55)
    Trustee of ProShares Trust
  • Michael C. Wachs (Age 51)
    Trustee of ProShares Trust

SMN ETF - Frequently Asked Questions

How have SMN shares performed in 2024?

ProShares UltraShort Materials' stock was trading at $8.19 at the beginning of the year. Since then, SMN stock has decreased by 5.9% and is now trading at $7.7063.
View the best growth stocks for 2024 here
.

What does SMN invest in?

ProShares UltraShort Materials is a equity fund issued by ProShares. SMN focuses on materials investments and follows the S&P Materials Select Sector Index. The fund's investments total to approximately $1.04 million assets under management.

What is the management fee for ProShares UltraShort Materials?

ProShares UltraShort Materials' management fee is 0.75% and has other expenses of 3.29%. However, SMN has a fee waiver of -3.09% to reimburse the expenses. The net expense ratio for SMN is 0.95%.

When did ProShares UltraShort Materials' stock split?

ProShares UltraShort Materials shares reverse split on the morning of Wednesday, May 26th 2021. The 1-2 reverse split was announced on Tuesday, May 11th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, May 25th 2021. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

How do I buy shares of ProShares UltraShort Materials?

Shares of SMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:SMN) was last updated on 4/25/2024 by MarketBeat.com Staff

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