What the hell just happened with DDM?

DDM, QLD etc all paid very high DIVIDENDS today. I have QID and noticed the same thing at the open, if you go to proshares.com it has all the dates of when dividends are being paid which is the 27th of December. Thats a nice little gift.
 
Quote from dougman100:

The shareholders on the date of record, which is Dec. 22nd. The fund, like any fund, will drop in price after the distribution is done. That's why looking at a chart of a mutual fund can be decieving. The capital gains gets shed off to the shareholders, making it taxable to them. The price has to adjust that distribution. People reinvest the cap gains and dividends, or they just take them and leave them in cash. It's no advantage to get that cap gain or dividend. The price adjusts.
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so if you were long DDM before yesterday eventhough you lost on the price drop they will pay you back with the dividend later?

So it acts the same as a stock?


thanks
 
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