ProShares UltraShort Silver (NYSEARCA:ZSL) Short Interest Update

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

ProShares UltraShort Silver Stock Performance

ZSL stock traded up $1.07 during trading on Wednesday, hitting $18.54. The company had a trading volume of 7,953,170 shares, compared to its average volume of 25,223,436. The firm has a 50-day moving average price of $26.69 and a 200-day moving average price of $95.92. ProShares UltraShort Silver has a 1-year low of $14.40 and a 1-year high of $401.30.

Institutional Investors Weigh In On ProShares UltraShort Silver

Hedge funds have recently added to or reduced their stakes in the company. Altfest L J & Co. Inc. acquired a new position in ProShares UltraShort Silver during the 4th quarter worth approximately $2,579,000. Jump Financial LLC purchased a new stake in shares of ProShares UltraShort Silver in the fourth quarter valued at approximately $998,000. StoneX Group Inc. acquired a new position in ProShares UltraShort Silver during the fourth quarter worth $320,000. Raffles Associates LP purchased a new position in ProShares UltraShort Silver in the fourth quarter worth $267,000. Finally, Barclays PLC acquired a new stake in ProShares UltraShort Silver in the fourth quarter valued at $181,000.

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.