ProShares Short Financials (NYSEARCA:SEF) Short Interest Update

ProShares Short Financials (NYSEARCA:SEF) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 20,542 shares, a growth of 598.0% from the February 12th total of 2,943 shares. Based on an average daily volume of 31,207 shares, the short-interest ratio is presently 0.7 days. Approximately 7.1% of the shares of the stock are sold short. Approximately 7.1% of the shares of the stock are sold short. Based on an average daily volume of 31,207 shares, the short-interest ratio is presently 0.7 days.

ProShares Short Financials Price Performance

SEF stock traded up $0.15 on Tuesday, reaching $33.78. The company had a trading volume of 82,112 shares, compared to its average volume of 21,952. The company’s fifty day moving average is $31.76 and its 200 day moving average is $31.75. ProShares Short Financials has a 1 year low of $29.77 and a 1 year high of $40.06.

Institutional Trading of ProShares Short Financials

A hedge fund recently bought a new stake in ProShares Short Financials stock. Wakefield Asset Management LLLP acquired a new stake in shares of ProShares Short Financials (NYSEARCA:SEF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,248 shares of the company’s stock, valued at approximately $977,000. Wakefield Asset Management LLLP owned about 10.78% of ProShares Short Financials as of its most recent SEC filing.

About ProShares Short Financials

ProShares Short Financials (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial services economic sector of the United States equity market. Component companies include regional banks; United States-domiciled international banks; life and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as Federal National Mortgage Association (Fannie Mae), credit card insurers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers, including investment banks, merchant banks and online brokers, and publicly traded stock exchanges.