Tower Research Capital LLC TRC raised its holdings in shares of ProShares Short Financials (NYSEARCA:SEF) by 331.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,676 shares of the company’s stock after purchasing an additional 25,097 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ProShares Short Financials were worth $733,000 as of its most recent SEC filing.
Separately, SG Americas Securities LLC bought a new stake in ProShares Short Financials during the 2nd quarter valued at $176,000.
SEF opened at $23.58 on Thursday. ProShares Short Financials has a 1 year low of $21.68 and a 1 year high of $24.50.
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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.
Read More: Compound Annual Growth Rate (CAGR)
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