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.
SEF
Supply of Short Financial ETFs Drys Up
ProShares and Rydex announced that they will not create new shares of their respective short financial funds until further notice.
ProShares Launches Short ETFs – Energy and Financials
ProShares added two ETFs to their Short line-up this week – Short Oil & Gas (DDG) and Short Financials(Amex: SEF). Both ETFs have a daily objective of 100% of the inverse of their benchmark index.