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ProShares UltraShort Materials seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Materials Select Sector Index.
ProShares Ultrashort Materials trades on the ARCA stock market under the symbol SMN.
As of March 24, 2026, SMN stock price declined to $11.39 with 136,020 million shares trading.
SMN has a beta of -1.62, meaning it tends to be less sensitive to market movements. SMN has a correlation of 0.48 to the broad based SPY ETF.
SMN has a market cap of $2.90 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SMN traded as high as $22.16 and as low as $9.23.
SMN has underperformed the market in the last year with a return of -26.0%, while the SPY ETF gained +17.1%. In the last 3 month period, SMN fell short of the market, returning -10.6%, while SPY returned -4.8%. However, in the most recent 2 weeks SMN has outperformed the stock market by returning +5.6%, while SPY returned -3.4%.
SMN support price is $11.45 and resistance is $12.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMN shares will trade within this expected range on the day.
