Tower Research Capital LLC TRC lifted its position in ProShares Short Financials (NYSEARCA:SEF) by 73.2% during the 2nd quarter, Holdings Channel reports. The firm owned 39,977 shares of the company’s stock after buying an additional 16,901 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ProShares Short Financials were worth $853,000 at the end of the most recent reporting period.
Separately, Weaver Consulting Group bought a new stake in shares of ProShares Short Financials in the 1st quarter worth about $54,000.
Shares of SEF traded up $0.07 during trading hours on Monday, hitting $20.66. The stock had a trading volume of 1,500 shares, compared to its average volume of 20,786. ProShares Short Financials has a 52 week low of $20.54 and a 52 week high of $27.12. The company’s fifty day moving average is $21.29 and its two-hundred day moving average is $21.74.
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.
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