ProShares UltraShort Silver Sees Unusually High Options Volume (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of some unusual options trading on Wednesday. Investors purchased 4,238 call options on the stock. This is an increase of approximately 386% compared to the typical volume of 872 call options.

ProShares UltraShort Silver Price Performance

Shares of ZSL traded up $0.19 during trading hours on Wednesday, hitting $5.93. The company had a trading volume of 12,593,253 shares, compared to its average volume of 1,546,537. ProShares UltraShort Silver has a 12 month low of $5.62 and a 12 month high of $42.50. The business has a fifty day moving average of $10.92 and a 200-day moving average of $17.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Silver stock. Bank of America Corp DE grew its position in shares of ProShares UltraShort Silver (NYSEARCA:ZSL) by 10,161.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,310 shares of the exchange traded fund’s stock after buying an additional 4,268 shares during the period. Bank of America Corp DE owned approximately 0.31% of ProShares UltraShort Silver worth $111,000 at the end of the most recent 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.