ProShares Short Financials (NYSEARCA:SEF) Shares Shorted: Short Interest Down 86.8% in October

ProShares Short Financials (NYSEARCA:SEF) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,834 shares, a decline of 86.8% from the October 15th total of 13,869 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 22,730 shares, the short-interest ratio is presently 0.1 days.

ProShares Short Financials Stock Up 0.7%

Shares of NYSEARCA:SEF traded up $0.21 during midday trading on Thursday, reaching $29.07. The company had a trading volume of 4,444 shares, compared to its average volume of 18,581. The stock’s fifty day moving average price is $30.24 and its 200-day moving average price is $31.42. ProShares Short Financials has a one year low of $28.22 and a one year high of $35.26.

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.