ProShares Short Financials (NYSEARCA:SEF) Short Interest Update

ProShares Short Financials (NYSEARCA:SEF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 13,192 shares, a decline of 20.8% from the November 30th total of 16,656 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average daily trading volume, of 8,681 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 8,681 shares, the days-to-cover ratio is presently 1.5 days. Approximately 4.5% of the company’s stock are sold short.

Institutional Trading of ProShares Short Financials

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wakefield Asset Management LLLP acquired a new stake in shares of ProShares Short Financials in the 3rd quarter valued at about $977,000. Citadel Advisors LLC acquired a new position in ProShares Short Financials during the third quarter worth approximately $252,000. Finally, CPR Investments Inc. purchased a new stake in ProShares Short Financials in the second quarter valued at approximately $201,000.

ProShares Short Financials Stock Up 0.5%

NYSEARCA SEF opened at $30.39 on Tuesday. The firm’s fifty day moving average price is $31.81 and its 200 day moving average price is $32.01. ProShares Short Financials has a 12 month low of $30.12 and a 12 month high of $40.06.

ProShares Short Financials Company Profile

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.