ProShares UltraShort Financials (NYSEARCA:SKF) Short Interest Update

ProShares UltraShort Financials (NYSEARCA:SKF) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 22,528 shares, a decrease of 23.7% from the January 29th total of 29,527 shares. Based on an average daily trading volume, of 15,750 shares, the short-interest ratio is currently 1.4 days. Currently, 5.8% of the shares of the company are short sold. Currently, 5.8% of the shares of the company are short sold. Based on an average daily trading volume, of 15,750 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SKF. Group One Trading LLC purchased a new position in shares of ProShares UltraShort Financials in the 2nd quarter worth $37,000. Northwestern Mutual Wealth Management Co. grew its position in ProShares UltraShort Financials by 20,938.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,522 shares of the company’s stock worth $166,000 after acquiring an additional 6,491 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in ProShares UltraShort Financials by 907.3% during the second quarter. Tower Research Capital LLC TRC now owns 13,840 shares of the company’s stock worth $388,000 after acquiring an additional 12,466 shares during the last quarter.

ProShares UltraShort Financials Trading Up 0.4%

Shares of SKF stock traded up $0.12 during mid-day trading on Monday, reaching $28.89. 60,825 shares of the company’s stock traded hands, compared to its average volume of 26,186. ProShares UltraShort Financials has a 12 month low of $23.86 and a 12 month high of $44.19. The firm has a 50 day moving average price of $26.40 and a two-hundred day moving average price of $27.02.

About ProShares UltraShort Financials

ProShares UltraShort Financials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States-domiciled international banks; full line, 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, credit card issuers and investment advisers; securities brokers and dealers, including investment banks, merchant banks and online brokers, and publicly traded stock exchanges.