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

Shares of ProShares UltraShort Silver (NYSEARCA:ZSL) are 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 Stock Down 4.5 %

Shares of NYSEARCA:ZSL opened at $7.66 on Wednesday. ProShares UltraShort Silver has a fifty-two week low of $7.49 and a fifty-two week high of $21.77. The firm’s 50-day simple moving average is $9.79 and its 200-day simple moving average is $10.99.

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.