ProShares Short Financials (NYSEARCA:SEF) Sees Significant Growth in Short Interest

ProShares Short Financials (NYSEARCA:SEF) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 20,300 shares, a growth of 47.1% from the September 30th total of 13,800 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 3.7 days. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 3.7 days. Approximately 7.0% of the company’s stock are short sold.

ProShares Short Financials Price Performance

SEF stock opened at $32.29 on Monday. ProShares Short Financials has a 12 month low of $31.15 and a 12 month high of $40.06. The firm has a 50 day moving average of $31.76 and a two-hundred day moving average of $32.67.

Institutional Trading of ProShares Short Financials

An institutional investor recently raised its position in ProShares Short Financials stock. Simplex Trading LLC grew its holdings in ProShares Short Financials (NYSEARCA:SEF) by 650.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,290 shares of the company’s stock after acquiring an additional 1,118 shares during the period. Simplex Trading LLC owned 0.48% of ProShares Short Financials worth $44,000 as of its most recent SEC filing.

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.