ProShares UltraShort Silver Stock to Reverse Split on Thursday, February 26th (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL)’s stock is going to reverse split before the market opens on Thursday, February 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, February 25th.

ProShares UltraShort Silver Price Performance

NYSEARCA ZSL opened at $2.51 on Friday. ProShares UltraShort Silver has a 12 month low of $1.44 and a 12 month high of $40.13. The stock has a 50 day moving average of $4.24 and a 200-day moving average of $12.31.

Institutional Investors Weigh In On ProShares UltraShort Silver

A number of institutional investors and hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC lifted its stake in ProShares UltraShort Silver by 159.2% in the 2nd quarter. Flow Traders U.S. LLC now owns 50,666 shares of the exchange traded fund’s stock valued at $1,308,000 after purchasing an additional 31,120 shares during the last quarter. Bank of America Corp DE raised its stake in 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 valued at $111,000 after buying an additional 4,268 shares during the period. Altfest L J & Co. Inc. bought a new stake in ProShares UltraShort Silver in the fourth quarter valued at approximately $2,579,000. Aprio Wealth Management LLC acquired a new stake in shares of ProShares UltraShort Silver in the fourth quarter valued at approximately $53,000. Finally, Mission Wealth Management LP bought a new position in shares of ProShares UltraShort Silver during the 4th quarter worth approximately $107,000.

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.