Investors Buy Large Volume of ProShares UltraShort Silver Call Options (NYSEARCA:ZSL)

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of unusually large options trading on Thursday. Stock investors acquired 8,685 call options on the company. This represents an increase of 176% compared to the average daily volume of 3,152 call options.

Institutional Investors Weigh In On ProShares UltraShort Silver

A hedge fund recently raised its stake in ProShares UltraShort Silver stock. Bank of America Corp DE grew its stake in shares of ProShares UltraShort Silver (NYSEARCA:ZSL) by 10,161.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,310 shares of the exchange traded fund’s stock after purchasing an additional 4,268 shares during the period. Bank of America Corp DE owned about 0.31% of ProShares UltraShort Silver worth $111,000 as of its most recent filing with the SEC.

ProShares UltraShort Silver Price Performance

Shares of ProShares UltraShort Silver stock traded up $0.28 on Thursday, reaching $4.48. 46,794,372 shares of the company’s stock were exchanged, compared to its average volume of 137,291,891. ProShares UltraShort Silver has a 52 week low of $3.87 and a 52 week high of $40.13. The firm’s 50-day moving average is $9.11 and its two-hundred day moving average is $16.26.

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.