ProShares Resumes Creating Shares for SKF and SEF

ProShares will resume creating new shares of ProShares UltraShort Financials (SKF) and ProShares Short Financials (SEF) exchange traded funds on October 9, 2008.

The company suspended creating new shares in these two ETFs in response to a September 18 SEC order banning short sales of certain financial stocks. The SEC order was extended on October 2 and is set to expire on October 8.

During the suspension of creations, average daily trading volume of SKF and SEF exceeded 19 million shares.

See the ProShares ETF directory for a complete listing.