ProShares UltraShort Silver (NYSEARCA:ZSL) Short Interest Update

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

ProShares UltraShort Silver Price Performance

ZSL stock traded down $0.53 during mid-day trading on Monday, reaching $19.28. 9,129,316 shares of the company traded hands, compared to its average volume of 17,019,391. ProShares UltraShort Silver has a fifty-two week low of $14.40 and a fifty-two week high of $325.40. The firm’s 50 day moving average price is $21.70 and its 200 day moving average price is $48.58.

Hedge Funds Weigh In On ProShares UltraShort Silver

Several hedge funds have recently modified their holdings of ZSL. Altfest L J & Co. Inc. bought a new position in shares of ProShares UltraShort Silver during the 4th quarter worth approximately $2,579,000. Jump Financial LLC bought a new position in shares of ProShares UltraShort Silver during the 4th quarter worth approximately $998,000. StoneX Group Inc. bought a new position in shares of ProShares UltraShort Silver during the 4th quarter worth approximately $320,000. Raffles Associates LP bought a new position in shares of ProShares UltraShort Silver during the 4th quarter worth approximately $267,000. Finally, Barclays PLC bought a new position in shares of ProShares UltraShort Silver during the 4th quarter worth approximately $181,000.

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.