Short Interest in ProShares UltraShort Silver (NYSEARCA:ZSL) Declines By 86.2%

ProShares UltraShort Silver (NYSEARCA:ZSL) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,681,515 shares, a drop of 86.2% from the February 12th total of 19,486,566 shares. Approximately 9.3% of the company’s shares are short sold. Based on an average trading volume of 15,400,782 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 15,400,782 shares, the short-interest ratio is currently 0.2 days. Approximately 9.3% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares UltraShort Silver

Several hedge funds have recently bought and sold shares of the business. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in ProShares UltraShort Silver in the fourth quarter worth $60,000. XTX Topco Ltd purchased a new stake in shares of ProShares UltraShort Silver during the fourth quarter valued at $129,000. Jump Financial LLC bought a new position in shares of ProShares UltraShort Silver in the fourth quarter worth about $998,000. Raffles Associates LP purchased a new position in ProShares UltraShort Silver in the 4th quarter worth about $267,000. Finally, Barclays PLC purchased a new position in ProShares UltraShort Silver in the 4th quarter worth about $181,000.

ProShares UltraShort Silver Trading Up 2.8%

ZSL stock traded up $0.52 during midday trading on Thursday, reaching $18.89. 5,861,851 shares of the company traded hands, compared to its average volume of 24,837,617. ProShares UltraShort Silver has a 52-week low of $14.40 and a 52-week high of $401.30. The business has a 50 day moving average of $25.99 and a 200-day moving average of $95.38.

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.