ProShares Short Financials (SEF)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
29.96 USD
-0.08
(-0.271%) ⇩
(July 14, 2026, 3:52 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:14 a.m. EDT
This is a dangerous instrument for any investor not actively betting against the financial sector. As a leveraged inverse ETF, SEF is designed to lose money in a rising market, and the data shows the market is currently rising. The price has dropped nearly 76% over the last nine years, with the last three years seeing double-digit declines. This is not a 'value trap'; it is a structural failure of the thesis that financials are collapsing. The recent price action confirms this, trading well below its 50-day and 200-day averages, which act as heavy resistance. While the 3.25% yield might look attractive to a distressed investor, it is a trap; the fund is eroding capital rapidly, and the payout is likely unsustainable given the massive drawdowns. The options market agrees with the downtrend, with heavy put positioning at distant strikes. Avoid this security entirely. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.016331 |
| AutoETS | 0.017660 |
| AutoARIMA | 0.017660 |
| MSTL | 0.017955 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 66% |
| H-stat | 3.46 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.060 |
| Excess Kurtosis | 0.18 |
As of July 11, 2026, 4:14 a.m. EDT: Speculators are overwhelmingly positioning for further declines. Call open interest is heavily skewed out-of-the-money (OTM), indicating bets on a rebound that haven't materialized yet, while put open interest concentrates deep out-of-the-money strikes, suggesting a fear of significant downside moves. Implied volatility is elevated for calls relative to puts, reflecting uncertainty about a potential bounce, but the sheer volume of OTM put positioning confirms a bearish bias.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.80% | 3.26% | 4.41% | 2.99% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.250 | 0.798977 |
| 2026-03-25 | 0.110 | 0.322959 |
| 2025-12-24 | 0.328 | 1.087894 |
| 2025-09-24 | 0.331 | 1.054140 |
| 2025-06-25 | 0.345 | 1.054079 |
| 2025-03-26 | 0.324 | 0.953502 |
| 2024-12-23 | 0.538 | 1.523216 |
| 2024-09-25 | 0.392 | 1.016597 |
| 2024-06-26 | 0.656 | 1.564886 |
| 2024-03-20 | 0.444 | 1.077670 |
| 2023-12-20 | 0.772 | 1.672444 |
| 2023-09-20 | 0.548 | 1.100402 |
| 2023-06-21 | 0.444 | 0.857805 |
| 2023-03-22 | 0.252 | 0.459184 |
| 2022-12-22 | 0.204 | 0.389016 |
| 2020-03-25 | 0.080 | 0.080225 |
| 2019-12-24 | 0.204 | 0.263975 |
| 2019-09-25 | 0.240 | 0.291262 |
| 2019-06-25 | 0.296 | 0.342276 |
| 2019-03-20 | 0.224 | 0.247132 |
| 2018-12-26 | 0.280 | 0.271739 |
| 2018-09-26 | 0.132 | 0.147916 |
| 2008-12-23 | 27.512 | 4.243060 |
| 2008-09-24 | 1.080 | 0.196278 |
| Attribute | Value |
|---|---|
| All Time High | 1,036.16 |
| All Time Low | 9.6 |
| Ask | 30.52 |
| Ask Size | 1,200 |
| Average Daily Volume10 Day | 5,930 |
| Average Daily Volume3 Month | 9,326 |
| Average Volume | 9,326 |
| Average Volume10Days | 5,930 |
| Beta3 Year | -0.74 |
| Bid | 0.0 |
| Bid Size | 1,200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 29.96 |
| Day Low | 29.68 |
| Dividend Yield | 3.25 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 32.0536 |
| Fifty Day Average Change | -2.0936012 |
| Fifty Day Average Change Percent | -0.065315634 |
| Fifty Two Week Change Percent | -7.965684 |
| Fifty Two Week High | 35.26 |
| Fifty Two Week High Change | -5.299999 |
| Fifty Two Week High Change Percent | -0.15031195 |
| Fifty Two Week Low | 29.68 |
| Fifty Two Week Low Change | 0.27999878 |
| Fifty Two Week Low Change Percent | 0.009433921 |
| Fifty Two Week Range | 29.68 - 35.26 |
| First Trade Date Milliseconds | 1,213,277,400,000 |
| Five Year Average Return | -0.0733898 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,213,056,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of financial companies included in the S&P 500 Index. Under normal circumstances, the fund will obtain inverse exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified. |
| Long Name | ProShares Short Financials |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_45835709 |
| Nav Price | 29.981 |
| Net Assets | 13,913,133.0 |
| Net Expense Ratio | 0.95 |
| Open | 29.77 |
| Previous Close | 30.0413 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0813007 |
| Regular Market Change Percent | -0.27063 |
| Regular Market Day High | 29.96 |
| Regular Market Day Low | 29.68 |
| Regular Market Day Range | 29.68 - 29.96 |
| Regular Market Open | 29.77 |
| Regular Market Previous Close | 30.0413 |
| Regular Market Price | 29.96 |
| Regular Market Time | 1,784,058,778 |
| Regular Market Volume | 4,198 |
| Short Name | ProShares Short Financials |
| Source Interval | 15 |
| Symbol | SEF |
| Three Year Average Return | -0.120932505 |
| Total Assets | 13,913,133 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -7.13024 |
| Trailing Three Month Returns | -7.13024 |
| Triggerable | 1 |
| Two Hundred Day Average | 32.14535 |
| Two Hundred Day Average Change | -2.1853523 |
| Two Hundred Day Average Change Percent | -0.06798346 |
| Type Disp | ETF |
| Volume | 4,198 |
| Yield | 0.0325 |
| Ytd Return | 3.22042 |