Short Interest in ProShares UltraShort Financials (NYSEARCA:SKF) Declines By 30.7%

ProShares UltraShort Financials (NYSEARCA:SKF) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 15,611 shares, a decline of 30.7% from the February 12th total of 22,528 shares. Based on an average trading volume of 38,457 shares, the short-interest ratio is presently 0.4 days. Approximately 4.0% of the company’s stock are sold short. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 38,457 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Group One Trading LLC acquired a new stake in shares of ProShares UltraShort Financials in the 2nd quarter worth about $37,000. Northwestern Mutual Wealth Management Co. increased its holdings in ProShares UltraShort Financials by 20,938.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,522 shares of the company’s stock worth $166,000 after purchasing an additional 6,491 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of ProShares UltraShort Financials by 907.3% in the second quarter. Tower Research Capital LLC TRC now owns 13,840 shares of the company’s stock worth $388,000 after purchasing an additional 12,466 shares during the last quarter.

ProShares UltraShort Financials Trading Down 2.3%

SKF traded down $0.73 during midday trading on Monday, hitting $31.25. The company had a trading volume of 44,212 shares, compared to its average volume of 35,244. The stock’s 50 day moving average price is $27.42 and its 200 day moving average price is $27.20. ProShares UltraShort Financials has a 52 week low of $23.86 and a 52 week high of $44.19.

ProShares UltraShort Financials Company Profile

ProShares UltraShort Financials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States-domiciled international banks; full line, 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, credit card issuers and investment advisers; securities brokers and dealers, including investment banks, merchant banks and online brokers, and publicly traded stock exchanges.