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

ProShares Short Financials (NYSEARCA:SEF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 2,976 shares, a drop of 77.7% from the December 31st total of 13,318 shares. Based on an average trading volume of 10,103 shares, the short-interest ratio is presently 0.3 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 10,103 shares, the short-interest ratio is presently 0.3 days.

ProShares Short Financials Stock Down 1.0%

Shares of NYSEARCA SEF traded down $0.33 during midday trading on Thursday, hitting $31.50. 6,602 shares of the company’s stock were exchanged, compared to its average volume of 8,347. The business’s fifty day moving average price is $31.19 and its two-hundred day moving average price is $31.73. ProShares Short Financials has a 12-month low of $29.77 and a 12-month high of $40.06.

Hedge Funds Weigh In On ProShares Short Financials

A number of institutional investors have recently made changes to their positions in SEF. Citadel Advisors LLC purchased a new stake in shares of ProShares Short Financials during the 3rd quarter valued at $252,000. Wakefield Asset Management LLLP bought a new position in ProShares Short Financials in the third quarter valued at $977,000. Finally, CPR Investments Inc. bought a new position in ProShares Short Financials in the second quarter valued at $201,000.

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.