ProShares UltraShort Silver (NYSEARCA:ZSL) Shares Set to Reverse Split on Thursday, February 26th

ProShares UltraShort Silver (NYSEARCA:ZSL) shares are going to reverse split on Thursday, February 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, February 25th.

ProShares UltraShort Silver Price Performance

Shares of NYSEARCA:ZSL opened at $2.51 on Friday. The company’s fifty day moving average price is $4.24 and its 200-day moving average price is $12.31. ProShares UltraShort Silver has a one year low of $1.44 and a one year high of $40.13.

Institutional Investors Weigh In On ProShares UltraShort Silver

Hedge funds have recently added to or reduced their stakes in the company. Aprio Wealth Management LLC purchased a new position in shares of ProShares UltraShort Silver in the 4th quarter worth about $53,000. LPL Financial LLC purchased a new position in shares of ProShares UltraShort Silver during the 4th quarter valued at about $53,000. Foundations Investment Advisors LLC bought a new stake in ProShares UltraShort Silver in the 4th quarter worth approximately $60,000. Mission Wealth Management LP purchased a new stake in ProShares UltraShort Silver in the fourth quarter worth approximately $107,000. Finally, Bank of America Corp DE boosted its stake in 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 worth $111,000 after buying an additional 4,268 shares in the last quarter.

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.