ProShares ETFs back in business after ban lift

The ProShares UltraShort Financials (SKF), and ProShares Short Financials (SEF) exchange traded funds resumed the normal process of creating new shares today.
OCT 09, 2008
By  Bloomberg
The ProShares UltraShort Financials (SKF), and ProShares Short Financials (SEF) exchange traded funds resumed the normal process of creating new shares today, ProShare Advisors LLC of Bethesda, Md. said in a statement. The two ETFs stopped accepting orders for new shares on Sept. 19 as a result of the emergency action announced by the Securities and Exchange Commission on Sept. 18 that temporarily prohibiting short sales of shares of certain financial companies. The SEC order was extended on Oct. 2 and expired yesterday.

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