ProShares UltraShort Silver (NYSEARCA:ZSL) Stock Price Up 21.5% – Here’s What Happened

ProShares UltraShort Silver (NYSEARCA:ZSL) rose 21.5% during trading on Tuesday . The company traded as high as $21.68 and last traded at $21.0140. Approximately 14,740,188 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 26,680,902 shares. The stock had previously closed at $17.29.

ProShares UltraShort Silver Stock Performance

The stock’s 50 day simple moving average is $30.73 and its two-hundred day simple moving average is $104.87.

Institutional Trading of ProShares UltraShort Silver

Several institutional investors have recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in ProShares UltraShort Silver during the fourth quarter worth about $998,000. Raffles Associates LP acquired a new position in shares of ProShares UltraShort Silver in the 4th quarter worth approximately $267,000. Barclays PLC bought a new stake in ProShares UltraShort Silver during the 4th quarter worth approximately $181,000. HRT Financial LP bought a new position in ProShares UltraShort Silver in the 4th quarter valued at $156,000. Finally, StoneX Group Inc. acquired a new position in ProShares UltraShort Silver in the fourth quarter worth $320,000.

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.