Traders Buy Large Volume of Call Options on ProShares UltraShort Silver (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of unusually large options trading activity on Friday. Stock traders acquired 9,419 call options on the company. This is an increase of approximately 47% compared to the typical volume of 6,429 call options.

ProShares UltraShort Silver Stock Performance

Shares of NYSEARCA:ZSL opened at $2.25 on Friday. The company has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $14.47. ProShares UltraShort Silver has a 12-month low of $2.25 and a 12-month high of $40.13.

Institutional Investors Weigh In On ProShares UltraShort Silver

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in ProShares UltraShort Silver by 10,161.9% during 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 during the last quarter. Flow Traders U.S. LLC boosted its holdings in shares of ProShares UltraShort Silver by 159.2% in the 2nd quarter. Flow Traders U.S. LLC now owns 50,666 shares of the exchange traded fund’s stock valued at $1,308,000 after buying an additional 31,120 shares during the period. Finally, Altfest L J & Co. Inc. bought a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at about $2,579,000.

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.