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

ProShares UltraShort Silver (NYSEARCA:ZSL)’s stock is set to reverse split on the morning of 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 Stock Performance

Shares of ProShares UltraShort Silver stock opened at $2.74 on Wednesday. ProShares UltraShort Silver has a twelve month low of $1.44 and a twelve month high of $40.13. The business has a 50-day moving average price of $4.01 and a 200-day moving average price of $11.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC purchased a new stake in ProShares UltraShort Silver during the fourth quarter valued at $998,000. Raffles Associates LP purchased a new position in shares of ProShares UltraShort Silver in the 4th quarter worth $267,000. StoneX Group Inc. bought a new stake in shares of ProShares UltraShort Silver in the 4th quarter worth about $320,000. Barclays PLC purchased a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at about $181,000. Finally, HRT Financial LP purchased a new stake in shares of ProShares UltraShort Silver during the 4th quarter valued at about $156,000.

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.