ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.
ProShares UltraShort Silver Stock Performance
The business’s 50 day moving average price is $23.67 and its 200 day moving average price is $26.32.
Institutional Trading of ProShares UltraShort Silver
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZSL. Aprio Wealth Management LLC acquired a new position in shares of ProShares UltraShort Silver in the fourth quarter worth about $53,000. LPL Financial LLC acquired a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at about $53,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at about $60,000. Foundations Investment Advisors LLC purchased a new position in shares of ProShares UltraShort Silver in the 4th quarter valued at about $60,000. Finally, Mission Wealth Management LP purchased a new position in shares of ProShares UltraShort Silver in the 4th quarter valued at about $107,000.
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.
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