ProShares Short Financials (NYSEARCA:SEF – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 13,869 shares, a growth of 1,288.3% from the September 30th total of 999 shares. Based on an average daily trading volume, of 16,604 shares, the short-interest ratio is presently 0.8 days. Currently, 3.0% of the shares of the company are sold short.
ProShares Short Financials Price Performance
Shares of SEF traded down $0.07 during trading hours on Monday, reaching $30.17. 2,026 shares of the company traded hands, compared to its average volume of 18,784. ProShares Short Financials has a 12-month low of $28.87 and a 12-month high of $35.26. The business has a fifty day moving average price of $30.19 and a 200-day moving average price of $31.51.
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.
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