ProShares Short Financials (NYSEARCA:SEF – Free Report) shares are set to reverse split before the market opens on Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.
ProShares Short Financials Trading Up 0.6 %
NYSEARCA SEF opened at $9.38 on Tuesday. The firm’s 50 day simple moving average is $9.49 and its 200 day simple moving average is $10.04. ProShares Short Financials has a 1 year low of $9.06 and a 1 year high of $12.93.
Institutional Investors Weigh In On ProShares Short Financials
A hedge fund recently bought a new stake in ProShares Short Financials stock. CPR Investments Inc. purchased a new stake in ProShares Short Financials (NYSEARCA:SEF – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,772 shares of the company’s stock, valued at approximately $322,000. CPR Investments Inc. owned approximately 2.75% of ProShares Short Financials at the end of the most recent quarter.
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.
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