ProShares UltraShort Silver (NYSEARCA:ZSL) Short Interest Update

ProShares UltraShort Silver (NYSEARCA:ZSL) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,436,680 shares, an increase of 50.3% from the January 15th total of 8,938,312 shares. Based on an average trading volume of 489,485,484 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.7% of the shares of the stock are sold short. Currently, 4.7% of the shares of the stock are sold short. Based on an average trading volume of 489,485,484 shares, the days-to-cover ratio is presently 0.0 days.

ProShares UltraShort Silver Trading Down 6.0%

ProShares UltraShort Silver stock traded down $0.16 during midday trading on Friday, reaching $2.51. 166,212,121 shares of the company were exchanged, compared to its average volume of 308,084,938. The firm’s 50-day simple moving average is $4.24 and its 200-day simple moving average is $12.23. ProShares UltraShort Silver has a 1 year low of $1.44 and a 1 year high of $40.13.

ProShares UltraShort Silver’s stock is scheduled 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.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings 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. Aprio Wealth Management LLC acquired a new stake in shares of ProShares UltraShort Silver in the fourth quarter worth $53,000. LPL Financial LLC purchased a new position in shares of ProShares UltraShort Silver in the 4th quarter valued at $53,000. Foundations Investment Advisors LLC acquired a new position in shares of ProShares UltraShort Silver during the 4th quarter valued at $60,000. Finally, Mission Wealth Management LP acquired a new position in shares of ProShares UltraShort Silver during the 4th quarter valued at $107,000.

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.