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

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

ProShares Short Financials Price Performance

SEF stock traded up $0.01 during midday trading on Wednesday, reaching $29.02. The company’s stock had a trading volume of 1,043 shares, compared to its average volume of 18,627. ProShares Short Financials has a 52 week low of $28.22 and a 52 week high of $35.26. The business’s 50-day simple moving average is $30.25 and its 200-day simple moving average is $31.44.

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.