ProShares UltraShort Silver (NYSEARCA:ZSL) Sees Significant Growth in Short Interest

ProShares UltraShort Silver (NYSEARCA:ZSL) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 19,486,566 shares, an increase of 45.0% from the January 29th total of 13,436,680 shares. Based on an average daily volume of 270,352,278 shares, the short-interest ratio is presently 0.1 days. Currently, 6.8% of the company’s stock are sold short. Currently, 6.8% of the company’s stock are sold short. Based on an average daily volume of 270,352,278 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Silver Stock Down 11.4%

ZSL stock traded down $2.05 on Friday, hitting $15.92. 16,530,342 shares of the company’s stock were exchanged, compared to its average volume of 27,248,023. The firm has a 50 day moving average price of $31.63 and a two-hundred day moving average price of $107.21. ProShares UltraShort Silver has a 12-month low of $14.40 and a 12-month high of $401.30.

Hedge Funds Weigh In On ProShares UltraShort Silver

Several hedge funds have recently modified their holdings of ZSL. Aprio Wealth Management LLC acquired a new position in shares of ProShares UltraShort Silver in the 4th quarter valued at $53,000. LPL Financial LLC purchased a new stake in ProShares UltraShort Silver during the 4th quarter valued at about $53,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of ProShares UltraShort Silver in the fourth quarter valued at about $60,000. Foundations Investment Advisors LLC purchased a new position in shares of ProShares UltraShort Silver in the fourth quarter worth about $60,000. Finally, Mission Wealth Management LP purchased a new position in shares of ProShares UltraShort Silver in the fourth quarter worth about $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.