Jase

Ban on Short Sale Ends - Hold Your Breath

Anastos,

I'm fully aware that SKF tracks the Dow Jones Financial Index. I'm also fully aware that ProShares calculates the NAV based on pricing of the underlying at 4PM EST. My point was simply that the closing price of the underlying (DJUSFN) at market close yesterday was still below the closing price back on July 14th (approx. 270 vs. 287, respectively).

Ban on Short Sale Ends - Hold Your Breath

SKF is a bargain below $250. There's a tracking discrepancy that was caused by the short selling ban. Think about it: SKF should now be tracking above $300. It made its all-time high of $211 when UYG (its counterpart) made its all-time low of 14.08 back in July. UYG has since tanked more than 30%... do the math. SKF should be trading above $300 as I type this.