ProShares Short Financials (NYSEARCA:SEF) Shares Shorted: Short Interest Up 1,288.3% in October

ProShares Short Financials (NYSEARCA:SEF) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,869 shares, an increase of 1,288.3% from the September 30th total of 999 shares. Based on an average daily trading volume, of 16,604 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.0% of the company’s stock are sold short.

ProShares Short Financials Trading Up 0.4%

NYSEARCA:SEF traded up $0.11 during mid-day trading on Tuesday, hitting $30.28. 964 shares of the company’s stock traded hands, compared to its average volume of 18,694. The company has a fifty day moving average of $30.19 and a 200 day moving average of $31.51. ProShares Short Financials has a twelve month low of $28.87 and a twelve month 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.