ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.32 and traded as high as $32.58. ProShares UltraShort Silver shares last traded at $31.42, with a volume of 2,828,359 shares changing hands.
ProShares UltraShort Silver Trading Up 0.6%
The business’s 50-day simple moving average is $23.92 and its two-hundred day simple moving average is $26.10.
Institutional Trading of ProShares UltraShort Silver
A number of large investors have recently modified their holdings of ZSL. Altfest L J & Co. Inc. bought a new stake in shares of ProShares UltraShort Silver during the 4th quarter worth $2,579,000. Jump Financial LLC bought a new stake in ProShares UltraShort Silver during the fourth quarter worth about $998,000. StoneX Group Inc. purchased a new position in shares of ProShares UltraShort Silver during the 4th quarter valued at about $320,000. Raffles Associates LP bought a new stake in ProShares UltraShort Silver in the 4th quarter worth approximately $267,000. Finally, Barclays PLC bought a new stake in ProShares UltraShort Silver in the 4th quarter worth approximately $181,000.
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.
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