ProShares UltraShort Silver
10 hedge funds and large institutions have $10.6M invested in ProShares UltraShort Silver in 2025 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 1 reducing their positions, and 5 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 1
127% more capital invested
Capital invested by funds: $4.65M → $10.6M (+$5.91M)
80% more call options, than puts
Call options by funds: $2.6M | Put options by funds: $1.44M
2.48% more ownership
Funds ownership: 1.57% → 4.05% (+2.5%)
17% less funds holding
Funds holding: 12 → 10 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.47M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.32M |
| 3 |
Jane Street
New York
|
+$995K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$938K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$628K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$585K |
| 2 |
TSS
Two Sigma Securities
New York
|
-$346K |
| 3 |
SG
StoneX Group
New York
|
-$284K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$245K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$243K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $5.57M | +$5.47M | +18,157 | +529% |
|
|
2
Jane Street
New York
| $1.68M | +$995K | +3,301 | +103% |
|
|
FTUS
3
Flow Traders U.S.
New York
| $1.31M | +$938K | +3,112 | +159% |
|
|
4
Citadel Advisors
Miami,
Florida
| $1.29M | +$1.32M | +4,377 | +720% |
|
|
5
IMC Chicago
Chicago,
Illinois
| $538K | +$628K | +2,084 | New |
|
6
Bank of America
Charlotte,
North Carolina
| $111K | +$129K | +427 | +10,675% |
|
|
7
Morgan Stanley
New York
| $44.3K | -$585K | -1,941 | -92% |
|
8
Group One Trading
Chicago,
Illinois
| $18.1K | +$21.1K | +70 | New |
|
9
UBS Group
Zurich,
Switzerland
| $4.57K | +$5.13K | +17 | +1,700% |
|
|
TRCT
10
Tower Research Capital (TRC)
New York
| $3.85K | +$4.52K | +15 | New |
|
|
TSS
11
Two Sigma Securities
New York
| – | -$346K | -1,180 | Closed |
|
|
SG
12
StoneX Group
New York
| – | -$284K | -968 | Closed |
|
|
13
BNP Paribas Financial Markets
Paris,
France
| – | -$245K | -835 | Closed |
|
|
QC
14
Quadrature Capital
London,
United Kingdom
| – | -$243K | -829 | Closed |
|
|
HF
15
HRT Financial
New York
| – | -$214K | -731 | Closed |
|
ZSL Hedge Fund Activity: Q2 2025 in Review
10 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Silver (ZSL) for Q2 2025, worth a combined $10.6M — up 127% from $4.65M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ZSL and 3 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 6 added.
The largest buyer was Susquehanna International Group, adding an estimated $5.47M. The largest seller was Morgan Stanley, cutting an estimated $585K.
- 10 institutional investors held ProShares UltraShort Silver (ZSL) as of Q2 2025, down from 12 in Q1 2025.
- Funds reported $10.6M of ProShares UltraShort Silver stock for Q2 2025, up 127% quarter-over-quarter.
- 3 funds opened new ProShares UltraShort Silver positions in Q2 2025 and 5 closed out, a net change of -2 holders.
- The largest ProShares UltraShort Silver buyer in Q2 2025 was Susquehanna International Group, an estimated $5.47M added.
- The largest ProShares UltraShort Silver seller in Q2 2025 was Morgan Stanley, an estimated $585K sold.
Based on aggregated 13F filings for Q2 2025.