Short Interest in ProShares UltraShort Silver (NYSEARCA:ZSL) Decreases By 86.2%

ProShares UltraShort Silver (NYSEARCA:ZSL) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 2,681,515 shares, a decline of 86.2% from the February 12th total of 19,486,566 shares. Based on an average daily trading volume, of 15,400,782 shares, the days-to-cover ratio is currently 0.2 days. Currently, 9.3% of the shares of the stock are short sold. Currently, 9.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,400,782 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Silver Trading Down 5.2%

Shares of NYSEARCA:ZSL traded down $0.96 during trading on Tuesday, reaching $17.47. The company had a trading volume of 11,949,020 shares, compared to its average volume of 25,600,939. The firm’s fifty day moving average is $26.69 and its 200 day moving average is $95.92. ProShares UltraShort Silver has a twelve month low of $14.40 and a twelve month high of $401.30.

Institutional Investors Weigh In On ProShares UltraShort Silver

A number of institutional investors have recently added to or reduced their stakes in the company. Altfest L J & Co. Inc. acquired a new stake in ProShares UltraShort Silver in the fourth quarter worth approximately $2,579,000. Jump Financial LLC acquired a new position in shares of ProShares UltraShort Silver during the 4th quarter valued at $998,000. StoneX Group Inc. acquired a new position in shares of ProShares UltraShort Silver during the 4th quarter valued at $320,000. Flow Traders U.S. LLC raised its stake 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 worth $1,308,000 after buying an additional 31,120 shares in the last quarter. Finally, Raffles Associates LP bought a new stake in shares of ProShares UltraShort Silver in the 4th quarter worth $267,000.

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.