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SKF is Halted

Posted on September 19, 2008 | Leave a comment

The UltraShort Financials ProShares (SKF) was halted minutes after the markets opened today.

At 9:33 a.m., after falling $22.44, or 19.4%, to $93, the American Stock Exchange halted trading in the shares. This ETF gives investors a leveraged opportunity to short the financial sector in one trade by trying to return double the negative move.

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