Short Interest in ProShares UltraShort Silver (NYSEARCA:ZSL) Declines By 36.0%

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 713,154 shares, a drop of 36.0% from the November 30th total of 1,114,094 shares. Based on an average trading volume of 7,358,578 shares, the days-to-cover ratio is presently 0.1 days. Currently, 22.9% of the company’s stock are short sold. Currently, 22.9% of the company’s stock are short sold. Based on an average trading volume of 7,358,578 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On ProShares UltraShort Silver

An institutional investor recently raised its position in ProShares UltraShort Silver stock. Flow Traders U.S. LLC increased its holdings in shares of ProShares UltraShort Silver (NYSEARCA:ZSL) by 159.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,666 shares of the exchange traded fund’s stock after acquiring an additional 31,120 shares during the quarter. Flow Traders U.S. LLC owned approximately 3.59% of ProShares UltraShort Silver worth $1,308,000 as of its most recent SEC filing.

ProShares UltraShort Silver Stock Performance

ZSL traded up $0.73 during midday trading on Monday, reaching $5.38. 66,332,118 shares of the company were exchanged, compared to its average volume of 2,129,066. The company’s fifty day moving average price is $10.52 and its 200 day moving average price is $17.35. ProShares UltraShort Silver has a one year low of $4.64 and a one year high of $42.50.

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.