ProShares UltraShort Silver
12 hedge funds and large institutions have $4.65M invested in ProShares UltraShort Silver in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 4 closing their positions.
566% more call options, than puts
Call options by funds: $4.72M | Put options by funds: $708K
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
20% more funds holding
Funds holding: 10 → 12 (+2)
1.58% less ownership
Funds ownership: 3.15% → 1.57% (-1.6%)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
37% less capital invested
Capital invested by funds: $7.4M → $4.65M (-$2.75M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$710K |
| 2 |
TSS
Two Sigma Securities
New York
|
+$401K |
| 3 |
SG
StoneX Group
New York
|
+$329K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$284K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.51M |
| 2 |
Jane Street
New York
|
-$1.15M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$154K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$136K |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$5.09K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.01M | -$1.51M | -4,455 | -56% |
|
|
2
Jane Street
New York
| $941K | -$1.15M | -3,385 | -51% |
|
|
3
Morgan Stanley
New York
| $620K | +$710K | +2,089 | +8,704% |
|
|
FTUS
4
Flow Traders U.S.
New York
| $573K | -$154K | -452 | -19% |
|
|
TSS
5
Two Sigma Securities
New York
| $346K | +$401K | +1,180 | New |
|
|
SG
6
StoneX Group
New York
| $284K | +$329K | +968 | New |
|
|
7
BNP Paribas Financial Markets
Paris,
France
| $245K | +$284K | +835 | New |
|
|
QC
8
Quadrature Capital
London,
United Kingdom
| $243K | +$282K | +829 | New |
|
|
HF
9
HRT Financial
New York
| $214K | +$248K | +731 | New |
|
10
Citadel Advisors
Miami,
Florida
| $178K | +$84.2K | +248 | +69% |
|
11
Bank of America
Charlotte,
North Carolina
| $1.23K | +$1.36K | +4 | New |
|
12
UBS Group
Zurich,
Switzerland
| $176 | – | – | – |
|
|
13
Group One Trading
Chicago,
Illinois
| $29 | -$5.09K | -15 | Closed |
|
|
14
Simplex Trading
Chicago,
Illinois
| – | -$136K | -326 | Closed |
|
15
Citigroup
New York
| – | -$3.91K | -9 | Closed |
|
16
Barclays
London,
United Kingdom
| – | -$924 | -2 | Closed |
|
ZSL Hedge Fund Activity: Q1 2025 in Review
12 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Silver (ZSL) for Q1 2025, worth a combined $4.65M — down 37% from $7.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ZSL positions and 4 closed out — a net gain of 2 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $710K. The largest seller was Susquehanna International Group, cutting an estimated $1.51M.
- 12 institutional investors held ProShares UltraShort Silver (ZSL) as of Q1 2025, up from 10 in Q4 2024.
- Funds reported $4.65M of ProShares UltraShort Silver stock for Q1 2025, down 37% quarter-over-quarter.
- 6 funds opened new ProShares UltraShort Silver positions in Q1 2025 and 4 closed out, a net change of +2 holders.
- The largest ProShares UltraShort Silver buyer in Q1 2025 was Morgan Stanley, an estimated $710K added.
- The largest ProShares UltraShort Silver seller in Q1 2025 was Susquehanna International Group, an estimated $1.51M sold.
Based on aggregated 13F filings for Q1 2025.