Short Interest in ProShares UltraShort Silver (NYSEARCA:ZSL) Grows By 45.0%

ProShares UltraShort Silver (NYSEARCA:ZSL) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 19,486,566 shares, a growth of 45.0% from the January 29th total of 13,436,680 shares. Based on an average trading volume of 270,352,278 shares, the short-interest ratio is presently 0.1 days. Currently, 6.8% of the company’s shares are short sold. Currently, 6.8% of the company’s shares are short sold. Based on an average trading volume of 270,352,278 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Silver Stock Performance

ZSL stock traded up $2.76 during midday trading on Tuesday, reaching $20.05. The company’s stock had a trading volume of 37,266,252 shares, compared to its average volume of 27,370,438. The stock has a fifty day simple moving average of $30.73 and a two-hundred day simple moving average of $104.87. ProShares UltraShort Silver has a 1 year low of $14.40 and a 1 year high of $401.30.

Institutional Investors Weigh In On ProShares UltraShort Silver

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of ProShares UltraShort Silver by 10,161.9% during 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 acquiring an additional 4,268 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in ProShares UltraShort Silver during the 4th quarter worth $53,000. LPL Financial LLC purchased a new position in ProShares UltraShort Silver during the 4th quarter worth $53,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of ProShares UltraShort Silver in the 4th quarter worth $60,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of ProShares UltraShort Silver in the 4th quarter worth $60,000.

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.