Symbols

SPXU

ProShares UltraPro Short S&P500·ARCA

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Key Stats

Assets Under Management

428.06MUSD

Fund Flows (1Y)

264.44MUSD

Dividend Yield

7.18%

Discount/Premium to NAV

-0.07%

Shares Outstanding

9.30M

Expense Ratio

0.90%

About ProShares UltraPro Short S&P500

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/leveraged-and-inverse/spxu

Inception Date

Jun 23, 2009

Structure

Open-Ended Fund

Index Tracked

S&P 500

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

SPXU delivers a very aggressive single-day bet against the S&P 500, ratcheting up the leverage to provide 3x inverse exposure to the widely followed index. The fund, like most geared inverse products, is designed to deliver its -3x exposure to the S&P 500—a cap-weighted basket of 500 of the largest firms in the US—for just one trading day. Holding it for a period longer than that will introduce the effects of compounding, a dynamic that's increasingly pronounced as you add more leverage to the strategy. The tool is designed to be held for no more than one day or your position will need to be adjusted daily.