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SEF ETF — ProShares Short Financials
ProShares Short Financials (SEF)
Updated October 16, 2026.
Verdict as of October 16, 2026
It pays quarterly and its distribution rate is 2.89%. The latest total cash payment per current share, $0.22 with an ex-date of September 23, 2026, was 12.0% lower than the previous $0.25. These payments are unclassified; this does not establish a base-dividend change.
Sources: ProShares, Section 19a-1 notices, scoring methodology.
SEF is an ETF. its distribution rate is 2.89%, its trailing-12-month yield is 2.98%, its expense ratio is 0.95%. Total return is -93.4% over the past 18.3 years, 788.5 points behind SPY at 695.1%.
ProShares Short Financials is an ETF that provides inverse exposure to financial companies in the S&P 500 Index, designed to move opposite to the daily performance of that financial sector benchmark. The fund carries a modest expense ratio of 0.95% and distributes quarterly at a moderate current rate. This ETF appeals to investors seeking to hedge financial sector exposure or take a bearish position on financials within a diversified portfolio.
SEF dividend yield and income
Price as of 2026-10-16.
The distribution rate (2.89%) uses calculation basis unavailable. Trailing-12-month yield (2.98%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.22. The ex-dividend date is 09/23/2026. The payment date is 09/29/2026.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2026-09-23 | $0.22 | $0.22 | -12.0% Unclassified cash |
| 2026-06-24 | $0.25 | $0.25 | 127.3% Unclassified cash |
| 2026-03-25 | $0.11 | $0.11 | -66.5% Unclassified cash |
| 2025-12-24 | $0.328 | $0.328 | -0.9% Unclassified cash |
| 2025-09-24 | $0.331 | $0.331 | -4.1% Unclassified cash |
| 2025-06-25 | $0.345 | $0.345 | 6.5% Unclassified cash |
| 2025-03-26 | $0.324 | $0.324 | -39.8% Unclassified cash |
| 2024-12-23 | $0.538 | $0.538 | 37.2% Unclassified cash |
| 2024-09-25 | $0.098 | $0.392 | -40.2% Unclassified cash |
| 2024-06-26 | $0.164 | $0.656 | 47.7% Unclassified cash |
| 2024-03-20 | $0.111 | $0.444 | -42.5% Unclassified cash |
| 2023-12-20 | $0.193 | $0.772 | 40.9% Unclassified cash |
| 2023-09-20 | $0.137 | $0.548 | 23.4% Unclassified cash |
| 2023-06-21 | $0.111 | $0.444 | 76.2% Unclassified cash |
| 2023-03-22 | $0.063 | $0.252 | 23.5% Unclassified cash |
| 2022-12-22 | $0.051 | $0.204 | 155.0% Unclassified cash |
| 2020-03-25 | $0.02 | $0.08 | -60.8% Unclassified cash |
| 2019-12-24 | $0.051 | $0.204 | -15.0% Unclassified cash |
| 2019-09-25 | $0.06 | $0.24 | -18.9% Unclassified cash |
| 2019-06-25 | $0.074 | $0.296 | 32.1% Unclassified cash |
| 2019-03-20 | $0.056 | $0.224 | -20.0% Unclassified cash |
| 2018-12-26 | $0.07 | $0.28 | 112.1% Unclassified cash |
| 2018-09-26 | $0.033 | $0.132 | -99.5% Unclassified cash |
| 2008-12-23 | $3.439 | $27.512 | 2447.4% Unclassified cash |
| 2008-09-24 | $0.135 | $1.08 | — |
| 2008 total (partial launch year) | — | $28.592 | — |
| 2018 total | — | $0.412 | — |
| 2019 total | — | $0.964 | 134.0% |
| 2020 total | — | $0.08 | -91.7% |
| 2022 total | — | $0.204 | 155.0% |
| 2023 total | — | $2.016 | 888.2% |
| 2024 total | — | $2.03 | 0.7% |
| 2025 total | — | $1.328 | -34.6% |
| 2026 YTD total | — | $0.58 | -42.0% vs prior-year YTD |
SEF dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -41.0%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -43.85%.
| Window | Change |
|---|---|
| 1Y | -41.0% |
| 3Y | -37.3% |
SEF holdings and sector exposure
Holdings are not available for this snapshot.
SEF performance versus SPY
Price and return data through 2026-10-16.
Total return is -93.4% over the past 18.3 years, 788.5 points behind SPY at 695.1%. Over the past year its total return — price change plus distributions reinvested — is -4.0%. Its deepest 1-year drawdown was 16.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.0% | — |
| 3M | 3.1% | — |
| 6M | -4.5% | — |
| YTD | 1.0% | — |
| 1Y | -4.0% | — |
| 2Y CAGR | — | -5.20% |
| 3Y CAGR | — | -12.40% |
| 5Y CAGR | — | -5.70% |
| 10Y CAGR | — | -11.90% |
| Since inception (18.3 years) | -93.4% | -13.80% |
SEF key facts
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/10/2008
- Expense ratio
- 0.95%
- Distribution rate
- 2.89%
- Distribution frequency
- Quarterly
- Trailing yield
- 2.98%
- Last close
- $30.43 (as of 2026-10-16)
- AUM
- $17,532,696
- Average volume
- 144474.0
- Dividend
- $0.22
- Ex-dividend date
- 09/23/2026
- Payment date
- 09/29/2026
- Beta
- -0.74
How Dividend Vision calculates yield and returns
Distribution rate (2.89%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.98%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
SEF risks and drawbacks
SEF's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.9%.
Who may consider SEF — and who may not
SEF may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (SEF pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on SEF
Frequently asked questions
Does SEF pay monthly?
No. SEF currently pays quarterly, not monthly.
What is SEF's expense ratio?
SEF's expense ratio is 0.95%.
What is SEF's dividend yield?
SEF's distribution rate is 2.89%, paid quarterly, with a 0.95% expense ratio — calculation basis unavailable.
How has SEF's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -41.0%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does SEF pay a dividend?
SEF pays quarterly. The dividend amount is $0.22. The ex-dividend date is 09/23/2026. The payment date is 09/29/2026.
How has SEF performed?
Total return is -93.4% over the past 18.3 years, 788.5 points behind SPY at 695.1%. Over the past year its total return — price change plus distributions reinvested — is -4.0%. Its deepest 1-year drawdown was 16.9%.
Is SEF a good investment?
Its distribution rate is 2.89% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from ProShares.
Tickers
Holdings as-of date unavailable.
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