Shares of ProShares UltraShort Silver (NYSEARCA:ZSL – Get Free Report) traded down 5.3% during trading on Monday. The stock traded as low as $33.70 and last traded at $33.95. 1,759,665 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 9,307,922 shares. The stock had previously closed at $35.85.
ProShares UltraShort Silver Price Performance
The stock’s 50 day simple moving average is $28.67 and its two-hundred day simple moving average is $25.09.
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.
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