Investors Buy High Volume of ProShares UltraShort Silver Call Options (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL) saw some unusual options trading on Wednesday. Stock traders acquired 4,238 call options on the stock. This represents an increase of 386% compared to the typical daily volume of 872 call options.

ProShares UltraShort Silver Trading Down 0.9%

ZSL opened at $5.69 on Thursday. The stock has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $17.68. ProShares UltraShort Silver has a 12-month low of $5.62 and a 12-month high of $42.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares UltraShort Silver stock. Bank of America Corp DE boosted its holdings in ProShares UltraShort Silver (NYSEARCA:ZSL) by 10,161.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,310 shares of the exchange traded fund’s stock after buying an additional 4,268 shares during the quarter. Bank of America Corp DE owned 0.31% of ProShares UltraShort Silver worth $111,000 at the end of the most recent quarter.

About ProShares UltraShort Silver

ProShares UltraShort Silver (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of silver bullion as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.