ProShares UltraShort Silver (NYSEARCA:ZSL) Stock Pass Below 200 Day Moving Average – Should You Sell?

ProShares UltraShort Silver (NYSEARCA:ZSL)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.47 and traded as low as $24.76. ProShares UltraShort Silver shares last traded at $25.93, with a volume of 2,315,210 shares.

ProShares UltraShort Silver Stock Up 2.0%

The business has a 50 day simple moving average of $21.34 and a two-hundred day simple moving average of $30.47.

Institutional Investors Weigh In On ProShares UltraShort Silver

A number of institutional investors and hedge funds have recently bought and sold shares of ZSL. Altfest L J & Co. Inc. bought a new stake in ProShares UltraShort Silver during the fourth quarter valued at approximately $2,579,000. Jump Financial LLC purchased a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at $998,000. StoneX Group Inc. purchased a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at $320,000. Raffles Associates LP bought a new stake in shares of ProShares UltraShort Silver during the 4th quarter worth $267,000. Finally, Barclays PLC bought a new stake in shares of ProShares UltraShort Silver during the 4th quarter worth $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.