UltraShort Basic Materials

ProShares UltraShort Basic Materials seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Basic Materials IndexSM.

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Announcement: Reverse Split 4/15/10

This ETF seeks a return of -200% of the return of an index (target) for a single day. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their ProShares holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

Fund Snapshot

Ticker SMN
Intraday Ticker SMN.IV
CUSIP 74347X617
Inception Date 1/30/07
Expense Ratio 0.95%
NAV Calculation Time 4:00 p.m. ET

Price Information as of 7/30/10

NAV $34.94
NAV Change -$0.42
Market Price Closing $34.92
Market Price Closing Change -$0.51
Daily Trading Volume 1,189,416

Premium/Discount Analysis Tool | NAV History