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

ProShares Short Financials (NYSEARCA:SEF) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 999 shares, a decrease of 92.8% from the September 15th total of 13,950 shares. Based on an average daily trading volume, of 24,730 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the company’s stock are short sold.

ProShares Short Financials Trading Down 0.9%

Shares of NYSEARCA:SEF traded down $0.27 during trading on Friday, reaching $30.84. 4,323 shares of the company traded hands, compared to its average volume of 18,677. The firm has a fifty day simple moving average of $29.94 and a 200 day simple moving average of $31.29. ProShares Short Financials has a 1-year low of $28.87 and a 1-year high of $35.26.

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.