ProShares Short Basic Materials (NYSEARCA:SBM) declared a quarterly dividend on Wednesday, March 25th, Wall Street Journal reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.0049 per share on Wednesday, April 1st. This represents a $0.02 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, March 25th.
Shares of ProShares Short Basic Materials stock traded down $0.56 during trading hours on Thursday, hitting $22.00. The company’s stock had a trading volume of 4,585 shares, compared to its average volume of 2,238. ProShares Short Basic Materials has a twelve month low of $17.17 and a twelve month high of $26.82. The firm has a fifty day moving average of $20.16 and a 200-day moving average of $18.58.
ProShares Short Basic Materials Company Profile
ProShares Short Basic Materials (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of 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. The Fund invests in derivatives as a substitute for directly shorting stocks in order to gain inverse exposure to the Index.
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