ProShares UltraShort Silver (ZSL) - Daily Volume Update

Posted on 08/09/2011 by Norm Sorkin

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NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment of large financial institutions. Yesterday, a total of 77 block trades were recorded, typically at least 10,000 shares of stock or more represent a single block unit. Further examination into yesterday's trading activity revealed that the bought value of the shares was $7,770,628 and the sold value was $536,071. The positive cash flow of $419,972 into the stock shows that investors have bullish sentiment.

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A deeper look into options trading also reveals that traders hedged their positions with options where 1,357 put and 7,088 call contracts exchanged hands yesterday leading to a 0.19 put/call ratio.

Shares of ProShares UltraShort Silver declined $0.46 (3.21%) to $13.87 in yesterday's trading session. The price of ZSL ranged between $13.42 - $14.19. Volume is 15,866,281 in relation to the three month average volume of 15,723,300 shares. ZSL is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $11.92 and 52 week high is $138.48. To date, the stock has lost -39.98% within the last quarter.

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