Is it Time to Short the Short? (NYSE: SKF)

The ProShares UltraShort Financials (ETF) (NYSE:SKF) has been a serial underperformer especially since bank stocks are down considerably. If you think bank stocks are ready to roll as dividends may be on the horizon, then it's time to get out of the SKF and possibly consider shorting it. The stock is down over 29% year to date, which is unexpected to most investors as bank stocks are down as well. The ETF is supposed to track the inverse performance of the Dow Jones Financial index by 200%. However due to daily rebalancing the long term prospects seem bleak.

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