Short Interest in ProShares Short Financials (NYSEARCA:SEF) Drops By 77.7%

ProShares Short Financials (NYSEARCA:SEFGet Free Report) was the target of a significant 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 daily trading volume, of 10,103 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 10,103 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ProShares Short Financials

Institutional investors have recently bought and sold shares of the stock. CPR Investments Inc. bought a new stake in ProShares Short Financials during the second quarter worth about $201,000. Citadel Advisors LLC acquired a new position in ProShares Short Financials in the third quarter valued at about $252,000. Finally, Wakefield Asset Management LLLP acquired a new position in shares of ProShares Short Financials during the 3rd quarter worth $977,000.

ProShares Short Financials Trading Up 0.2%

ProShares Short Financials stock traded up $0.07 during trading hours on Friday, hitting $31.57. The stock had a trading volume of 2,591 shares, compared to its average volume of 8,060. ProShares Short Financials has a fifty-two week low of $29.77 and a fifty-two week high of $40.06. The company has a 50-day moving average of $31.17 and a two-hundred day moving average of $31.72.

ProShares Short Financials Company Profile

(Get Free Report)

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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