ProShares UltraShort Materials (NYSEARCA:SMN) Short Interest Down 38.2% in March

Posted by Max Byerly on Apr 15th, 2026

ProShares UltraShort Materials (NYSEARCA:SMN – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,333 shares, a drop of 38.2% from the March 15th total of 2,156 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 27,972 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares UltraShort Materials

A hedge fund recently bought a new stake in ProShares UltraShort Materials stock. Susquehanna International Group LLP acquired a new stake in shares of ProShares UltraShort Materials (NYSEARCA:SMN – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,010 shares of the company’s stock, valued at approximately $150,000. Susquehanna International Group LLP owned 18.35% of ProShares UltraShort Materials at the end of the most recent reporting period.

ProShares UltraShort Materials Stock Performance

NYSEARCA SMN traded up $0.27 during trading hours on Wednesday, hitting $10.11. 687 shares of the company’s stock were exchanged, compared to its average volume of 19,810. The business’s 50 day moving average is $10.34 and its 200-day moving average is $12.27. ProShares UltraShort Materials has a 12-month low of $9.23 and a 12-month high of $17.98.

ProShares UltraShort Materials Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a dividend of $0.026 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.10 annualized dividend and a dividend yield of 1.0%.

About ProShares UltraShort Materials

(Get Free Report)

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.