How have SMN shares performed in 2024?

ProShares UltraShort Materials' stock was trading at $8.19 on January 1st, 2024. Since then, SMN stock has decreased by 8.4% and is now trading at $7.50. 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 $1.02 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's stock reverse split before market open on 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 .

NYSEARCA:SMN

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

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$7.50

-0.07 (-0.92%)

(As of 11:47 AM ET)

Compare

Today's Range: $7.45
▼
$7.57
50-Day Range: $6.94
▼
$8.82
52-Week Range: $6.85
▼
$11.08

Volume: 880 shs
Average Volume: 4,887 shs
Market Capitalization: $1.01 million

Assets Under Management: $1.02 million
Dividend Yield: 0.67%
Net Expense Ratio: 0.95%

Stock Analysis Chart Holdings Ownership

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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

30 days | 90 days | 365 days | Advanced Chart

SMN ETF News Headlines

March 22, 2024 | msn.com

UltraShort Basic Materials declares quarterly distribution of $0.0793

August 2, 2023 | benzinga.com

ProShares UltraShort Materials (ARCA:SMN), Quotes and News Summary

April 18, 2024 | DTI (Ad)

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SMN - ProShares UltraShort Basic Materials

April 10, 2023 | marketwatch.com

Proshares Ultrashort Materials Trading $SMN Pivots Trading Plans and Risk Controls

February 23, 2023 | realmoney.thestreet.com

Basic Materials

January 5, 2023 | finance.yahoo.com

ProShares and ProFunds Announce Benchmark Changes for 53 Geared Sector Funds

December 23, 2022 | msn.com

UltraShort Basic Materials declares quarterly distribution of $0.0453

April 18, 2024 | DTI (Ad)

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December 22, 2022 | msn.com

ProShares Ultra Basic Materials declares quarterly distribution of $0.0732

See More Headlines

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Fund Details

Issuer: ProShares
Fund Name: ProShares UltraShort Materials
Tax Classification: Regulated Investment Company
Stock Exchange: NYSEARCA
Current Symbol: NYSEARCA:SMN
Inception Date: 1/30/2007
Fund Manager: Michael Neches, Tarak Dave
Web: www.proshares.com
Phone: +1-240-4976400

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: $1.02 million
Average Daily Volume: $2,694.50
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: Optionable
Options Volume: 8
Put Options: 4
Call Options: 4
Short Interest: 3,500 shs

Miscellaneous

Outstanding Shares: 135,080
Beta: -1.81
Creation Unit: 25,000
Creation Fee: $250.00

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ProShares UltraShort Materials Expenses

Type	SMN	Materials ETFs	Equity ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.75%	0.52%	0.54%	0.50%	0.51%
Other Expenses	3.29%	0.37%	0.54%	0.64%	0.58%
Total Expense	4.04%	0.64%	0.70%	0.74%	0.70%
Fee Waiver	-3.09%	-0.52%	-0.55%	-0.68%	-0.57%
Net Expense	0.95%	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%

Full Holdings Details

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

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Institutional Ownership

Citadel Advisors LLC
Bought 11,946 shares on 2/15/2024
Ownership: 4.978%

View All Institutional Transactions

SMN ETF - Frequently Asked Questions

How have SMN shares performed in 2024?: ProShares UltraShort Materials' stock was trading at $8.19 on January 1st, 2024. Since then, SMN stock has decreased by 8.4% and is now trading at $7.50.
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 $1.02 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's stock reverse split before market open on 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 4/18/2024 by MarketBeat.com Staff

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