ProShares UltraShort Silver Target of Unusually High Options Trading (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of unusually large options trading activity on Friday. Stock traders bought 9,419 call options on the company. This is an increase of approximately 47% compared to the typical volume of 6,429 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of ProShares UltraShort Silver by 10,161.9% during the second quarter. Bank of America Corp DE now owns 4,310 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 4,268 shares in the last quarter. Flow Traders U.S. LLC boosted its position in 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, Altfest L J & Co. Inc. purchased a new stake in ProShares UltraShort Silver during the 4th quarter valued at about $2,579,000.

ProShares UltraShort Silver Price Performance

Shares of ProShares UltraShort Silver stock traded down $0.21 during mid-day trading on Friday, reaching $2.39. 52,338,905 shares of the stock traded hands, compared to its average volume of 158,134,188. The business has a 50-day moving average of $6.97 and a 200 day moving average of $14.62. ProShares UltraShort Silver has a fifty-two week low of $2.38 and a fifty-two week high of $40.13.

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.