ProShares Short Financials (NYSEARCA:SEF) Trading Up 0.3%

ProShares Short Financials (NYSEARCA:SEF)’s share price were up 0.3% on Friday . The company traded as high as $21.31 and last traded at $21.24, approximately 2,617 shares traded hands during mid-day trading. A decline of 85% from the average daily volume of 17,370 shares. The stock had previously closed at $21.18.

The stock’s 50 day moving average is $21.10.

Institutional investors have recently added to or reduced their stakes in the stock. Weaver Consulting Group bought a new position in ProShares Short Financials in the 1st quarter valued at $54,000. Jane Street Group LLC bought a new position in ProShares Short Financials in the 4th quarter valued at $451,000. Finally, Virtu Financial LLC bought a new position in ProShares Short Financials in the 1st quarter valued at $1,416,000.

ProShares Short Financials Company Profile (NYSEARCA:SEF)

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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