ProShares Short Financials (NYSEARCA:SEF) Stock Short Interest Climbs 1,288.3%

by · The Cerbat Gem

ProShares Short Financials (NYSEARCA:SEF – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 13,869 shares, a growth of 1,288.3% from the September 30th total of 999 shares. Based on an average daily volume of 16,604 shares, the days-to-cover ratio is currently 0.8 days. Approximately 3.0% of the shares of the company are sold short.

ProShares Short Financials Stock Down 0.4%

Shares of NYSEARCA SEF traded down $0.12 during midday trading on Wednesday, reaching $30.12. The company’s stock had a trading volume of 414 shares, compared to its average volume of 18,616. ProShares Short Financials has a fifty-two week low of $28.87 and a fifty-two week high of $35.26. The business’s 50 day moving average price is $30.22 and its two-hundred day moving average price is $31.51.

About ProShares Short Financials

(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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