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

ProShares UltraShort Silver (NYSEARCA:ZSL) shares are scheduled to reverse split before the market opens on 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 closing bell on Wednesday, November 6th.

ProShares UltraShort Silver Stock Performance

NYSEARCA:ZSL opened at $7.66 on Wednesday. The stock’s 50 day moving average price is $9.79 and its 200 day moving average price is $10.99. ProShares UltraShort Silver has a 52-week low of $7.49 and a 52-week high of $21.77.

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.