ZSL/JDST: Potential Long OpportunityZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present, and a quick look at the daily chart confirms it.
Correlation : remains very high in the last few weeks.
Close price : clos
Key stats
About ProShares UltraShort Silver
Home page
Inception date
Dec 1, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
ZSL is an inverse product, which attempts to deliver -2x the daily return of silver prices. The fund’s inverse exposure is benchmarked to the price performance of the Bloomberg Silver Subindex – an index tracking a rolling futures position on silver based on Bloomberg’s fixed contract schedule. ZSL is a short-term product and not appropriate for buy-and-hold investors because daily compounding can cause the fund's performance to differ greatly from the headline -2x exposure over holding periods greater than one day. You must rebalance your positions to receive the -2x multiple over longer time horizons. As an ETF, ZSL is structured as a commodities pool – so investors will have to deal with a K-1 form for tax reporting.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
ZSL SHORT SILVER with an INVERSE ETFZSL provides a short play on silver as an ETF using futures diversified for times to expiration.
At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria.
A Doji candle a few days ago signaled the end of a brief pullback and so an entry point.
XAGUSD as shown on the thick
ZSL Buying PotentialFor some while now, we've seen ZSL making it way down, but for the past 460 days, institutions have been accumulating their orders and looking to take the asset up.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulat
If Silver Closes the Weekly below 22.6 Then This Will Rise.Silver is looking to Bearishly close the weekly below $22.6 and if it does then i will be buying call options expiring in a few months for this inverse ETF of Silver.
However if silver can get a bullish weekly HA candle Close above $22.6 then i will look to trade silver bullishly.
For now i have on
ZSL support zoneLooks like the 200 hullma will hold for now for 45 min.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure pu
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZSL trades at 30.41 USD today, its price has risen 1.70% in the past 24 hours. Track more dynamics on ZSL price chart.
ZSL net asset value is 30.96 today — it's fallen 0.90% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ZSL assets under management is 30.45 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ZSL price has risen by 0.26% over the last month, and its yearly performance shows a −22.58% decrease. See more dynamics on ZSL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.90% over the last month, showed a −9.50% decrease in three-month performance and has decreased by −29.75% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.90% over the last month, showed a −9.50% decrease in three-month performance and has decreased by −29.75% in a year.
ZSL fund flows account for −38.26 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZSL invests in cash. See more details in our Analysis section.
ZSL expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
ZSL is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ZSL technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZSL shows the sell signal. See more of ZSL technicals for a more comprehensive analysis.
Today, ZSL technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZSL shows the sell signal. See more of ZSL technicals for a more comprehensive analysis.
No, ZSL doesn't pay dividends to its holders.
ZSL trades at a premium (0.39%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ZSL shares are issued by ProShare Advisors LLC
ZSL follows the Bloomberg Silver. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 1, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.