ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ) gapped down prior to trading on Wednesday . The stock had previously closed at $119.04, but opened at $109.38. ProShares Ultra Silver shares last traded at $110.85, with a volume of 1,390,755 shares trading hands.

ProShares Ultra Silver Stock Down 6.0%

The business’s fifty day simple moving average is $120.19 and its 200-day simple moving average is $147.18.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC increased its holdings in ProShares Ultra Silver by 53.3% in 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 bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $9,454,000. Jump Financial LLC increased its holdings in ProShares Ultra Silver by 678.8% in the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after acquiring an additional 46,030 shares during the last quarter. Advisory Alpha LLC increased its holdings in ProShares Ultra Silver by 7.3% in the 4th quarter. Advisory Alpha LLC now owns 22,722 shares of the exchange traded fund’s stock valued at $3,525,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Genesis Financial Group LLC bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $3,258,000.

About ProShares Ultra Silver

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.