Short Interest in ProShares UltraShort Silver (NYSEARCA:ZSL) Declines By 42.2%

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,087,174 shares, a drop of 42.2% from the April 15th total of 1,881,261 shares. Approximately 17.0% of the shares of the company are sold short. Based on an average daily volume of 5,846,561 shares, the short-interest ratio is currently 0.2 days.

ProShares UltraShort Silver Trading Up 17.4%

NYSEARCA:ZSL traded up $2.93 on Friday, hitting $19.81. The stock had a trading volume of 15,439,655 shares, compared to its average volume of 17,103,410. The business’s 50-day simple moving average is $21.70 and its two-hundred day simple moving average is $49.25. ProShares UltraShort Silver has a 52-week low of $14.40 and a 52-week high of $330.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position 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 worth $111,000 after purchasing an additional 4,268 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in ProShares UltraShort Silver in the fourth quarter worth about $53,000. LPL Financial LLC purchased a new position in ProShares UltraShort Silver in the fourth quarter worth about $53,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of ProShares UltraShort Silver in the fourth quarter worth about $60,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of ProShares UltraShort Silver in the fourth quarter worth about $60,000.

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.