ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report)’s stock 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 company has a 50-day moving average of $23.67 and a 200 day moving average of $26.32.
Institutional Investors Weigh In On ProShares UltraShort Silver
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZSL. Altfest L J & Co. Inc. acquired a new stake in shares of ProShares UltraShort Silver in the fourth quarter valued at about $2,579,000. XTX Topco Ltd acquired a new position in ProShares UltraShort Silver during the fourth quarter worth about $129,000. HRT Financial LP acquired a new position in ProShares UltraShort Silver during the fourth quarter worth about $156,000. Jump Financial LLC purchased a new stake in ProShares UltraShort Silver during the 4th quarter valued at about $998,000. Finally, StoneX Group Inc. purchased a new stake in ProShares UltraShort Silver during the 4th quarter valued at about $320,000.
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.
Further Reading
- Five stocks we like better than ProShares UltraShort Silver
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Receive News & Ratings for ProShares UltraShort Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Silver and related companies with MarketBeat.com's FREE daily email newsletter.
