ProShares Short Financials (NYSEARCA:SEF) Short Interest Up 598.0% in February

ProShares Short Financials (NYSEARCA:SEF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 20,542 shares, an increase of 598.0% from the February 12th total of 2,943 shares. Based on an average trading volume of 31,207 shares, the days-to-cover ratio is presently 0.7 days. Currently, 7.1% of the shares of the company are sold short. Currently, 7.1% of the shares of the company are sold short. Based on an average trading volume of 31,207 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short Financials stock. Citadel Advisors LLC purchased a new position in shares of ProShares Short Financials (NYSEARCA:SEF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,046 shares of the company’s stock, valued at approximately $252,000. Citadel Advisors LLC owned approximately 2.77% of ProShares Short Financials at the end of the most recent quarter.

ProShares Short Financials Trading Up 0.8%

NYSEARCA:SEF traded up $0.27 during mid-day trading on Wednesday, hitting $34.05. The stock had a trading volume of 5,612 shares, compared to its average volume of 21,585. ProShares Short Financials has a 52 week low of $29.77 and a 52 week high of $40.06. The company has a 50 day simple moving average of $31.76 and a 200-day simple moving average of $31.75.

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.