ProShares Short Financials (NYSEARCA:SEF) Sees Large Decline in Short Interest

ProShares Short Financials (NYSEARCA:SEF) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,834 shares, a decline of 86.8% from the October 15th total of 13,869 shares. Based on an average daily trading volume, of 22,730 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

ProShares Short Financials Trading Down 0.7%

SEF stock traded down $0.19 on Friday, reaching $28.88. 11,603 shares of the company’s stock were exchanged, compared to its average volume of 18,550. The stock has a fifty day moving average of $30.23 and a 200-day moving average of $31.41. ProShares Short Financials has a twelve month low of $28.22 and a twelve month high of $35.26.

ProShares Short Financials Company Profile

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.