ProShares Short Financials (NYSEARCA:SEF) Short Interest Down 77.7% in January

ProShares Short Financials (NYSEARCA:SEF) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,976 shares, a drop of 77.7% from the December 31st total of 13,318 shares. Based on an average daily trading volume, of 10,103 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 10,103 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CPR Investments Inc. purchased a new stake in ProShares Short Financials during the second quarter valued at about $201,000. Wakefield Asset Management LLLP purchased a new position in ProShares Short Financials during the 3rd quarter valued at about $977,000. Finally, Citadel Advisors LLC bought a new position in ProShares Short Financials during the 3rd quarter valued at approximately $252,000.

ProShares Short Financials Trading Up 0.1%

Shares of NYSEARCA:SEF traded up $0.03 during trading on Wednesday, hitting $31.83. 7,169 shares of the company were exchanged, compared to its average volume of 8,448. ProShares Short Financials has a 52-week low of $29.77 and a 52-week high of $40.06. The stock has a 50 day moving average of $31.22 and a 200 day moving average of $31.73.

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.