ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $24.98 and traded as high as $30.79. ProShares UltraShort Silver shares last traded at $30.63, with a volume of 2,243,517 shares.
ProShares UltraShort Silver Stock Performance
The company has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $24.98.
Institutional Trading of ProShares UltraShort Silver
An institutional investor recently bought a new position in ProShares UltraShort Silver stock. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of ProShares UltraShort Silver (NYSEARCA:ZSL – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,324 shares of the exchange traded fund’s stock, valued at approximately $60,000.
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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