ProShares UltraShort Silver (NYSEARCA:ZSL) Short Interest Update

ProShares UltraShort Silver (NYSEARCA:ZSL) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 8,938,312 shares, a growth of 995.6% from the December 31st total of 815,866 shares. Based on an average daily volume of 164,457,666 shares, the days-to-cover ratio is currently 0.1 days. Approximately 7.5% of the company’s shares are short sold. Approximately 7.5% of the company’s shares are short sold. Based on an average daily volume of 164,457,666 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ProShares UltraShort Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Altfest L J & Co. Inc. acquired a new position in ProShares UltraShort Silver during the 4th quarter worth about $2,579,000. Flow Traders U.S. LLC raised its position in shares of ProShares UltraShort Silver by 159.2% during the second quarter. Flow Traders U.S. LLC now owns 50,666 shares of the exchange traded fund’s stock worth $1,308,000 after acquiring an additional 31,120 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of ProShares UltraShort Silver by 10,161.9% in the second quarter. Bank of America Corp DE now owns 4,310 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 4,268 shares during the period.

ProShares UltraShort Silver Stock Performance

Shares of ProShares UltraShort Silver stock traded up $0.01 on Thursday, hitting $1.58. The stock had a trading volume of 879,494,233 shares, compared to its average volume of 289,184,531. The stock has a 50 day moving average of $6.16 and a 200 day moving average of $13.93. ProShares UltraShort Silver has a twelve month low of $1.44 and a twelve month high of $40.13.

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.