ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.57 and traded as high as $31.43. ProShares UltraShort Silver shares last traded at $31.01, with a volume of 1,602,299 shares changing hands.
ProShares UltraShort Silver Stock Performance
The firm has a 50-day moving average price of $26.55 and a two-hundred day moving average price of $24.57.
Institutional Trading of ProShares UltraShort Silver
Several institutional investors have recently modified their holdings of ZSL. Altfest L J & Co. Inc. purchased a new position in shares of ProShares UltraShort Silver in the 4th quarter valued at $2,579,000. Bank of America Corp DE raised its stake in ProShares UltraShort Silver by 10,161.9% during the 2nd quarter. Bank of America Corp DE now owns 4,310 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 4,268 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in ProShares UltraShort Silver in the fourth quarter valued at $53,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in ProShares UltraShort Silver in the fourth quarter valued at $60,000. Finally, StoneX Group Inc. purchased a new position in shares of ProShares UltraShort Silver during the fourth quarter worth about $320,000.
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.
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