SKF Crosses Below Key Moving Average Threshold

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On Wednesday, shares of the ProShares UltraShort Financials ETF (SKF) fell below their 200-day moving average of $27.76, trading as low as $27.44 per share, a decline of approximately 2% on the day. The ETF’s 52-week range is between $23.86 and $38.15, with the last trade recorded at $27.49.

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