ProShares UltraShort Silver (ZSL) Stock Price & Analysis
ProShares UltraShort Silver (ZSL) is trading at USD 33.87, up 1.92% today, as of October 23, 2026 at 16:21 UTC (US market open; quotes may be delayed), according to Nexqual market data.
ZSL last closed at USD 33.23; today's session has ranged USD 33.7–35.19 on volume of 1,555,901 shares. Market capitalization is —, with a 52-week range of USD 14.4–147.9 (PCX). Source: Nexqual, retrieved October 23, 2026 at 16:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ZSL.md
Key facts (ZSL)
- Total return with dividends: 1Y -74.7% vs S&P 500 +14.7%; 5Y -96.8% vs S&P 500 +77.5%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ZSL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | -$1.68B | $95.8M | -$2.48B | -$39.4M | $1.71B | $389M |
| Cash + short-term investments | $1.47B | $2.28B | $2.60B | $2.58B | $3.25B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ZSL)
Total return (dividends reinvested) (ZSL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -74.7% | -96.8% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | -74.8% | -49.7% |
| Volatility (annualized) | 122.0% | 69.8% |
| Max drawdown | -89.3% (Oct 2025→May 2026) | -99.0% (Aug 2022→Feb 2026) |
ZSL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Proshares Ultra Silver | $15.6M | 31.4% | +155.5% |
| Proshares Ultra Short Bloomberg Crude Oil | $9.1M | 18.2% | +669.6% |
| Proshares Ultra Gold | $7.8M | 15.7% | +51.8% |
| Proshares Ultra Bloomberg Crude Oil | $3.7M | 7.5% | +15.6% |
| Proshares Ultra Bloomberg Natural Gas | $3.1M | 6.2% | +47.3% |
| Proshares Ultra Vix Short Term Futures Etf | $2.5M | 5.0% | -11.0% |
| Proshares Short Vix Short Term Futures Etf | $1.7M | 3.4% | -54.5% |
| Proshares Vix Short Term Futures Etf | $1.6M | 3.2% | +33.9% |
| Proshares Ultra Short Bloomberg Natural Gas | $1.3M | 2.5% | -68.0% |
| Proshares Ultra Short Silver | $1.1M | 2.2% | +388.7% |
| Proshares Ultra Short Gold | $927,274 | 1.9% | +30.1% |
| Proshares Vix Mid Term Futures Etf | $416,705 | 0.8% | +92.0% |
| Proshares Ultra Yen | $340,254 | 0.7% | -41.4% |
| Proshares Ultra Short Euro | $330,295 | 0.7% | +8.9% |
| Proshares Ultra Short Yen | $266,435 | 0.5% | +27.6% |
| Proshares Ultra Euro | $47,346 | 0.1% | -31.0% |
| Total revenue | $49.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ZSL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 76.4% | ±17.1% |
| Dec 18, 2026 | 56 | 74.9% | ±23.3% |
| Jan 15, 2027 | 84 | 71.6% | ±27.1% |
| Feb 19, 2027 | 119 | 70.5% | ±31.4% |
| May 21, 2027 | 210 | 69.5% | ±40.3% |
30-day implied volatility 75.1% vs 77.1% realized over the last 30 trading days. Put/call ratio (volume) 0.71. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 16:21 UTC)
| Price | USD 33.87 |
|---|---|
| Change | ▲ 1.92% (up) |
| Previous Close | USD 33.23 |
| Open | USD 34.23 |
| Day Range | USD 33.7 – 35.19 |
| 52-Week Range | USD 14.4 – 147.9 |
| Volume | 1,555,901 shares |
| Market Cap | — |
| Exchange | PCX |
Technical Analysis (ZSL)
Nexqual's technical model rates ZSL "BUY" based on 5 bullish and 2 bearish signals across 128 daily candles, as of October 23, 2026 at 16:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 68.92 (neutral) |
| vs SMA50 | Above (USD 25.78) |
| MACD | 1.8 (positive) |
Financial Health Score (ZSL)
Nexqual rates ProShares UltraShort Silver's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:21 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Mixed — No data |
| Balance Sheet | Mixed — No data |
| Cash Flow | Weak — Operating cash flow -$246M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — No data |
From ProShares UltraShort Silver's Latest SEC 10-K Filing (filed 2026-02-26)
Partnerships
- An Authorized Participant is an entity that has entered into an Authorized Participant Agreement with one or more of the Funds.
- Each Fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark consistent with its investment objective without regard to market conditions, trends or direction.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory changes or actions, including the implementation of new legislation, may alter the operations and profitability of the Funds.
- Regulatory and exchange accountability levels may restrict the creation of Creation Units and the operation of the Trust.
- Regulatory changes or actions may alter the operations and profitability of the Funds.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GLL | ProShares UltraShort Gold | USD 27.02 | ▲ 1.35% |
| AGQ | ProShares Ultra Silver | USD 52.93 | ▼ 1.86% |
| UGL | ProShares Ultra Gold | USD 42.05 | ▼ 1.36% |
| DZZ | DB Gold Double Short ETN due Fe | USD 1.89 | ▲ 4.72% |
| EUO | ProShares UltraShort Euro | USD 32.41 | ▲ 0.29% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt