Shares of ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.22 and traded as high as $34.67. ProShares UltraShort Silver shares last traded at $34.20, with a volume of 1,848,625 shares traded.
ProShares UltraShort Silver Stock Performance
The firm has a 50-day moving average price of $24.80 and a two-hundred day moving average price of $25.22.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in ProShares UltraShort Silver by 10,161.9% during the 2nd quarter. Bank of America Corp DE now owns 4,310 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 4,268 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in ProShares UltraShort Silver in the 4th quarter worth about $2,579,000. Aprio Wealth Management LLC bought a new position in ProShares UltraShort Silver in the 4th quarter worth about $53,000. Mission Wealth Management LP purchased a new position in shares of ProShares UltraShort Silver during the fourth quarter worth approximately $107,000. Finally, Foundations Investment Advisors LLC purchased a new position in shares of ProShares UltraShort Silver during the fourth quarter worth approximately $60,000.
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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