ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.57 and traded as high as $31.43. ProShares UltraShort Silver shares last traded at $31.01, with a volume of 1,602,299 shares traded.
ProShares UltraShort Silver Stock Down 2.2%
The firm has a 50 day simple moving average of $26.55 and a two-hundred day simple moving average of $24.57.
Hedge Funds Weigh In On ProShares UltraShort Silver
Several institutional investors have recently bought and sold shares of ZSL. Bank of America Corp DE raised its holdings in 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. Aprio Wealth Management LLC purchased a new stake in ProShares UltraShort Silver in the 4th quarter valued at approximately $53,000. LPL Financial LLC purchased a new stake in ProShares UltraShort Silver in the 4th quarter valued at approximately $53,000. Foundations Investment Advisors LLC acquired a new position in ProShares UltraShort Silver during the 4th quarter worth approximately $60,000. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new position in ProShares UltraShort Silver during the 4th quarter worth approximately $60,000.
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.
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