With lifting of the SEC's short-selling ban, ProShares moves to open its temporarily closed inverse financial ETFs.

 

 

With the lifting of the Securities and Exchange Commission's ban on short-selling, ProShares short financials funds, ProShares Short Financials (AMEX: SEF) and Ultrashort Financials (AMEX: SKF), resumed normal creation activity. 

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

There was no word from Rydex this morning as to whether its short financials fund, 2X Inverse S&P Select Sectors Financials (AMEX: RFN), would also be back to normal.

Separately, ProShares announced that it has moved all of its 64 ETFs to the NYSE Alternext platform (the new name for the Amex ETF platform), in response to the completed acquisition by NYSE of the ProFund ETF current trading home, the American Stock Exchange.

The ETFs' closing time will now be 15 minutes earlier,

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