ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.22 and traded as high as $24.66. ProShares UltraShort Silver shares last traded at $23.45, with a volume of 2,374,429 shares trading hands.
ProShares UltraShort Silver Stock Performance
The stock’s 50 day moving average is $28.59 and its two-hundred day moving average is $24.21.
Hedge Funds Weigh In On ProShares UltraShort Silver
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in ProShares UltraShort Silver during the fourth quarter worth $998,000. StoneX Group Inc. purchased a new stake in shares of ProShares UltraShort Silver during the 4th quarter worth $320,000. Raffles Associates LP purchased a new stake in shares of ProShares UltraShort Silver during the 4th quarter worth $267,000. Barclays PLC acquired a new position in shares of ProShares UltraShort Silver during the 4th quarter worth $181,000. Finally, HRT Financial LP acquired a new position in shares of ProShares UltraShort Silver during the 4th quarter worth $156,000.
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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