ProShares Short Financials (NYSEARCA:SEF) Short Interest Update

ProShares Short Financials (NYSEARCA:SEF) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 35,822 shares, a drop of 65.7% from the March 15th total of 104,434 shares. Approximately 6.1% of the company’s stock are sold short. Based on an average daily volume of 54,609 shares, the short-interest ratio is currently 0.7 days.

ProShares Short Financials Price Performance

NYSEARCA SEF traded down $0.56 during trading on Monday, hitting $32.58. 18,623 shares of the company traded hands, compared to its average volume of 31,073. ProShares Short Financials has a 12 month low of $29.77 and a 12 month high of $37.38. The business has a fifty day simple moving average of $33.20 and a 200 day simple moving average of $32.14.

ProShares Short Financials Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.1103 per share. This represents a $0.44 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, March 25th.

Hedge Funds Weigh In On ProShares Short Financials

An institutional investor recently bought a new position in ProShares Short Financials stock. Citadel Advisors LLC bought a new stake in shares of ProShares Short Financials (NYSEARCA:SEF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,046 shares of the company’s stock, valued at approximately $252,000. Citadel Advisors LLC owned approximately 2.77% of ProShares Short Financials at the end of the most recent reporting period.

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.