ProShares UltraShort Financials (NYSEARCA:SKF – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 9,990 shares, an increase of 19.9% from the December 15th total of 8,329 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 11,486 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 11,486 shares, the short-interest ratio is currently 0.9 days. Approximately 2.6% of the shares of the company are short sold.
Institutional Trading of ProShares UltraShort Financials
A hedge fund recently raised its stake in ProShares UltraShort Financials stock. Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraShort Financials (NYSEARCA:SKF – Free Report) by 72.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,913 shares of the company’s stock after acquiring an additional 10,073 shares during the quarter. Tower Research Capital LLC TRC owned 6.13% of ProShares UltraShort Financials worth $633,000 as of its most recent SEC filing.
ProShares UltraShort Financials Stock Up 4.6%
Shares of SKF stock opened at $26.91 on Wednesday. ProShares UltraShort Financials has a one year low of $23.86 and a one year high of $44.19. The stock has a fifty day moving average price of $26.37 and a 200 day moving average price of $27.18.
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.
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