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

ProShares UltraShort Silver (NYSEARCA:ZSL) saw 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. Based on an average daily trading volume, of 5,846,561 shares, the short-interest ratio is presently 0.2 days. Approximately 17.0% of the shares of the company are sold short.

Institutional Investors Weigh In On ProShares UltraShort Silver

Institutional investors have recently modified their holdings of the business. Altfest L J & Co. Inc. purchased a new stake in shares of ProShares UltraShort Silver during the fourth quarter valued at $2,579,000. Aprio Wealth Management LLC purchased a new position in ProShares UltraShort Silver in the fourth quarter worth about $53,000. Jump Financial LLC purchased a new position in ProShares UltraShort Silver in the fourth quarter worth about $998,000. StoneX Group Inc. purchased a new position in ProShares UltraShort Silver in the fourth quarter worth about $320,000. Finally, Raffles Associates LP purchased a new position in ProShares UltraShort Silver in the fourth quarter worth about $267,000.

ProShares UltraShort Silver Trading Up 17.4%

Shares of ProShares UltraShort Silver stock traded up $2.93 during trading on Friday, hitting $19.81. 15,439,655 shares of the company’s stock traded hands, compared to its average volume of 17,103,410. ProShares UltraShort Silver has a 1 year low of $14.40 and a 1 year high of $330.00. The business has a 50-day simple moving average of $21.70 and a 200-day simple moving average of $49.25.

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.