ProShares UltraShort Silver Target of Unusually High Options Trading (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL) saw unusually large options trading activity on Friday. Stock investors acquired 9,419 call options on the stock. This is an increase of approximately 47% compared to the average volume of 6,429 call options.

ProShares UltraShort Silver Stock Down 13.1%

Shares of NYSEARCA:ZSL opened at $2.25 on Friday. ProShares UltraShort Silver has a 12-month low of $2.25 and a 12-month high of $40.13. The business has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $14.39.

Institutional Trading of ProShares UltraShort Silver

A number of large investors have recently modified their holdings of ZSL. Bank of America Corp DE grew its holdings 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 worth $111,000 after purchasing an additional 4,268 shares in the last quarter. Flow Traders U.S. LLC lifted its position in ProShares UltraShort Silver by 159.2% during the second quarter. Flow Traders U.S. LLC now owns 50,666 shares of the exchange traded fund’s stock valued at $1,308,000 after purchasing an additional 31,120 shares during the last quarter. Finally, Altfest L J & Co. Inc. purchased a new position in ProShares UltraShort Silver in the 4th quarter worth approximately $2,579,000.

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.