Shares of ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $21.58, but opened at $22.88. ProShares UltraShort Silver shares last traded at $22.73, with a volume of 4,087,508 shares traded.
ProShares UltraShort Silver Price Performance
The stock has a 50-day moving average of $23.13 and a 200-day moving average of $88.03.
Institutional Trading of ProShares UltraShort Silver
A number of institutional investors have recently made changes to their positions in the business. Aprio Wealth Management LLC acquired a new position in ProShares UltraShort Silver during the fourth quarter worth $53,000. LPL Financial LLC acquired a new stake in ProShares UltraShort Silver in the 4th quarter valued at $53,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in ProShares UltraShort Silver during the 4th quarter worth about $60,000. Foundations Investment Advisors LLC bought a new stake in ProShares UltraShort Silver during the 4th quarter worth about $60,000. Finally, Mission Wealth Management LP bought a new stake in ProShares UltraShort Silver during the 4th 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.
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