ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) gapped down prior to trading on Tuesday . The stock had previously closed at $132.58, but opened at $128.00. ProShares Ultra Silver shares last traded at $128.23, with a volume of 780,074 shares.

ProShares Ultra Silver Price Performance

The firm’s fifty day moving average price is $133.48 and its 200 day moving average price is $140.33.

Institutional Trading of ProShares Ultra Silver

A number of large investors have recently added to or reduced their stakes in AGQ. Group One Trading LLC boosted its position in shares of ProShares Ultra Silver by 53.3% during the 4th quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock valued at $13,965,000 after acquiring an additional 31,313 shares during the last quarter. UBS Group AG purchased a new stake in ProShares Ultra Silver during the fourth quarter valued at $9,454,000. Jump Financial LLC lifted its position in ProShares Ultra Silver by 678.8% during the fourth quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after purchasing an additional 46,030 shares during the last quarter. Savior LLC lifted its position in ProShares Ultra Silver by 5.2% during the third quarter. Savior LLC now owns 28,889 shares of the exchange traded fund’s stock valued at $2,202,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of ProShares Ultra Silver in the 3rd quarter worth about $2,020,000.

ProShares Ultra Silver Company Profile

ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.