ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.14 and traded as high as $31.20. ProShares UltraShort Silver shares last traded at $30.79, with a volume of 1,879,682 shares.
ProShares UltraShort Silver Trading Down 5.0%
The company has a fifty day moving average of $22.87 and a two-hundred day moving average of $27.83.
Institutional Trading of ProShares UltraShort Silver
A number of hedge funds have recently made changes to their positions in ZSL. Bank of America Corp DE increased its stake 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 buying an additional 4,268 shares during the period. Aprio Wealth Management LLC bought a new stake in ProShares UltraShort Silver during the 4th quarter worth approximately $53,000. LPL Financial LLC acquired a new position in ProShares UltraShort Silver in the 4th quarter valued at approximately $53,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in ProShares UltraShort Silver in the 4th quarter valued at approximately $60,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of ProShares UltraShort Silver during the fourth quarter worth $60,000.
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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