Key stats
About ProShares UltraShort Silver
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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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZSL assets under management is 31.00 M USD. It's fallen 3.78% over the last month.
ZSL fund flows account for −44.14 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.
No, ZSL doesn't pay dividends to its holders.
ZSL shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Dec 1, 2008, and its management style is Passive.
ZSL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
ZSL follows the Bloomberg Silver. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZSL invests in cash.
ZSL price has risen by 0.90% over the last month, and its yearly performance shows a −22.27% decrease. See more dynamics on ZSL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.10% over the last month, showed a −15.83% decrease in three-month performance and has decreased by −21.86% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.10% over the last month, showed a −15.83% decrease in three-month performance and has decreased by −21.86% in a year.
ZSL trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.