ProShares Short Financials (NYSEARCA:SEF) Stock Short Interest Declines 86.8%

ProShares Short Financials (NYSEARCA:SEF) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 1,834 shares, a decrease of 86.8% from the October 15th total of 13,869 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 22,730 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Short Financials Stock Up 0.0%

Shares of SEF stock traded up $0.01 during trading hours on Wednesday, reaching $29.02. 1,043 shares of the company’s stock were exchanged, compared to its average volume of 18,627. ProShares Short Financials has a fifty-two week low of $28.22 and a fifty-two week high of $35.26. The business has a fifty day moving average price of $30.25 and a 200-day moving average price of $31.44.

About ProShares Short Financials

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.