SKF Stock Summary and Trading Ideas (ProShares Ultrashort Financials | ARCA:SKF)

ProShares UltraShort Financials seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Financial Select Sector Index.

ProShares Ultrashort Financials trades on the ARCA stock market under the symbol SKF.

As of February 28, 2025, SKF stock price declined to $30.40 with 15,054 million shares trading.

SKF has a market cap of $9.67 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SKF traded as high as $105.28 and as low as $30.26.

SKF has underperformed the market in the last year with a return of -36.5%, while the SPY ETF gained +18.6%. In the last 3 month period, SKF fell short of the market, returning -2.7%, while SPY returned -0.4%. However, in the most recent 2 weeks SKF has outperformed the stock market by returning -1.5%, while SPY returned -2.6%.

SKF support price is $31.08 and resistance is $32.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKF shares will trade within this expected range on the day.