ProShares UltraShort Silver (NYSEARCA:ZSL) Shares to Reverse Split on Thursday, February 26th

ProShares UltraShort Silver (NYSEARCA:ZSL)’s stock is going to reverse split on the morning of Thursday, February 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, February 25th.

ProShares UltraShort Silver Price Performance

Shares of ZSL opened at $2.51 on Friday. ProShares UltraShort Silver has a fifty-two week low of $1.44 and a fifty-two week high of $40.13. The business has a 50-day moving average of $4.24 and a 200 day moving average of $12.31.

Institutional Trading of ProShares UltraShort Silver

A number of institutional investors have recently modified their holdings of the business. Aprio Wealth Management LLC bought a new position in ProShares UltraShort Silver in the 4th quarter worth approximately $53,000. LPL Financial LLC purchased a new stake in shares of ProShares UltraShort Silver during the fourth quarter worth $53,000. Foundations Investment Advisors LLC bought a new position in shares of ProShares UltraShort Silver in the fourth quarter worth $60,000. Mission Wealth Management LP bought a new position in shares of ProShares UltraShort Silver in the fourth quarter worth $107,000. Finally, Bank of America Corp DE grew its position in shares of ProShares UltraShort Silver by 10,161.9% in the second quarter. Bank of America Corp DE now owns 4,310 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 4,268 shares in the last quarter.

ProShares UltraShort Silver Company Profile

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.