ProShares UltraShort Silver Provides 2x Inverse Leverage, 349M Volume
ProShares UltraShort Silver (ZSL) provides 2x inverse daily leverage against Bloomberg Silver Subindex futures, aiming to deliver -200% of silver’s price movement each trading day. With a one-month average volume of about 349 million shares and a 0.95% expense ratio, ZSL offers high liquidity but may diverge from spot prices over time.
1. Investment Objective
ProShares UltraShort Silver aims to deliver twice the inverse of the Bloomberg Silver Subindex’s daily performance through futures contracts, resetting exposure each trading day for short-term bearish positions in silver.
2. Liquidity and Trading Volume
With a one-month average trading volume of about 349 million shares and substantial assets under management, ZSL offers high liquidity to support frequent trading and rapid execution for bearish silver strategies.
3. Costs and Tracking Considerations
ZSL carries a 0.95% expense ratio, reflecting its double inverse leverage structure. Investors should note that futures-based tracking can lead to performance deviations from spot silver prices, especially over extended holding periods.