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. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery. The Fund's investment advisor is ProShare Advisors LLC.
Basic Details
Issuer ProShares
Fund NameProShares UltraShort Silver
Tax ClassificationPartnership
SymbolNYSEARCA:ZSL
Inception Date12/1/2008
Fund ManagerJeffrey Ploshnick
Phone+1-240-4976400
Fund Focus
Asset ClassCommodities
BenchmarkLondon Silver Fix Price
CategoryPrecious Metals
FocusSilver
Development LevelBlended Development
RegionGlobal
Fund Statistics
Assets Under Management$15.10 million
Average Daily Volume$29,348.30
Discount/Premium-0.08%
ETF Expenses
Management Fee0.95%
Other Expenses0.72%
Total Expenses1.67%
Fee Waiver0.00%
Net Expenses1.67%
Administrator, Advisor and Custodian
AdministratorBrown Brothers Harriman & Co.
AdvisorProShare Advisors LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
Lead Market MakerVirtu Financial
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