ProShares UltraShort Silver Stock to Reverse Split on Thursday, November 7th (NYSEARCA:ZSL)

by · The Markets Daily

ProShares UltraShort Silver (NYSEARCA:ZSL – Free Report)’s stock is going to reverse split on the morning of Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares UltraShort Silver Trading Up 1.9 %

Shares of NYSEARCA ZSL opened at $8.63 on Friday. The company has a 50-day moving average price of $9.64 and a 200-day moving average price of $10.92. ProShares UltraShort Silver has a 1 year low of $7.49 and a 1 year high of $21.77.

ProShares UltraShort Silver Company Profile

(Get Free Report)

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.

Further Reading