ProShares - UltraShort Silver
ZSL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Dec 3, 2008
- CIK
- 0001415311
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Silver (ZSL), issued by ProShares Trust II and managed by ProShare Advisors LLC, seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Silver Subindex SM. The fund invests in financial instruments including silver futures contracts, swap agreements with counterparties such as Goldman Sachs, Citibank NA, Morgan Stanley, and UBS AG, and forward contracts to achieve its leveraged inverse exposure to silver futures prices as measured by COMEX contracts; it does not take physical possession of commodities and employs a rolling index methodology over five business days in specified months. ZSL offers options trading availability, quarterly distributions, and an expense ratio of 0.95%, with NAV calculated at 1:25 p.m. ET. Launched on December 1, 2008, and domiciled in the United States, the ETF trades on NYSE Arca under the ticker ZSL (CUSIP 74347Y722) and targets investors seeking short-term bearish exposure to silver prices through a synthetic replication strategy. ProShare Advisors LLC, the sponsor headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland, operates as part of the ProShares family, which pioneered leveraged and inverse ETFs since 2006 following the 1997 founding of its affiliate ProFunds Group. The firm maintains global investment operations via derivatives tied to U.S. dollar-denominated silver benchmarks, serving sophisticated traders and institutions focused on commodities hedging and tactical positioning. Recent developments include heightened trading volume exceeding 7.8 million shares on December 16, 2025, amid significant year-to-date NAV declines reflecting silver price surges, alongside ongoing reverse splits in the broader ProShares lineup such as those announced for related commodity funds in May 2022. ProShares Trust II continues to expand its suite of leveraged inverse products without major structural changes to ZSL itself in the last 1-2 years, maintaining stable institutional ownership from entities like Jane Street Group, Susquehanna International Group, and Citadel Advisors as of early 2025 filings. The parent ProShares ecosystem has emphasized innovation in geared ETFs, including cryptocurrency futures launches in 2021 and 2023, underscoring its commitment to tactical investment tools amid volatile commodity markets.