ProShares Short Financials (NYSEARCA:SEF – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 104,434 shares, a growth of 408.4% from the February 26th total of 20,542 shares. Based on an average daily trading volume, of 71,944 shares, the short-interest ratio is presently 1.5 days. Approximately 36.0% of the company’s shares are short sold. Approximately 36.0% of the company’s shares are short sold. Based on an average daily trading volume, of 71,944 shares, the short-interest ratio is presently 1.5 days.
Institutional Trading of ProShares Short Financials
A hedge fund recently bought a new stake in ProShares Short Financials stock. Wakefield Asset Management LLLP purchased a new stake in ProShares Short Financials (NYSEARCA:SEF – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 31,248 shares of the company’s stock, valued at approximately $977,000. Wakefield Asset Management LLLP owned approximately 10.78% of ProShares Short Financials at the end of the most recent quarter.
ProShares Short Financials Price Performance
SEF traded down $0.01 during trading on Tuesday, hitting $34.24. 38,378 shares of the company’s stock were exchanged, compared to its average volume of 31,326. ProShares Short Financials has a 1 year low of $29.77 and a 1 year high of $40.06. The stock has a 50 day moving average price of $32.56 and a 200 day moving average price of $31.94.
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.
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