ProShares Opens Creations On Short Financial ETFs
IndexUniverse Staff (October 9th, 2008) Writes:
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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2003. At $15 shares, is the stock worth a look?
You may or may not know, Limited Brands owns the Victoria’s Secret Brands, along with Bath & Body works. This isn’t the first time I’ve written about them; Limited Brands needs a checkup at least once a year.
Since I touched on them last, they divested their interest in both the Express and Limited Stores. What did that leave them with? Not a lot in terms of Revenue and Growth. This is one of the reasons I believe shares haven’t bottomed out yet.
Why? Because of the Economy and Retail are sagging like Jack Nicholson’s Man Boobs. It's every man's worst nightmare. You saw it on the ... 
Yum! Brands, which owns, operates, licenses and franchises the KFC, Pizza Hut, 
Cleveland-Cliffs Inc (NYSE:
Just wait until Bank of America (NYSE:BAC) cuts their dividend, then how low will shares get?

