ProShares UltraShort Silver (NYSEARCA:ZSL) Share Price Cross Above 200-Day Moving Average – Should You Sell?

ProShares UltraShort Silver (NYSEARCA:ZSL) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $24.87 and traded as high as $29.41. ProShares UltraShort Silver shares last traded at $28.75, with a volume of 3,265,518 shares.

ProShares UltraShort Silver Trading Down 5.1%

The stock has a fifty day moving average of $24.88 and a 200-day moving average of $24.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares UltraShort Silver stock. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of ProShares UltraShort Silver (NYSEARCA:ZSL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,324 shares of the exchange traded fund’s stock, valued at approximately $60,000.

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.