Group One Trading LLC Has $8.11 Million Position in ProShares Ultra Silver $AGQ

Group One Trading LLC lowered its stake in shares of ProShares Ultra Silver (NYSEARCA:AGQ) by 24.6% in the first quarter, Holdings Channel reports. The firm owned 67,835 shares of the exchange traded fund’s stock after selling 22,189 shares during the period. Group One Trading LLC’s holdings in ProShares Ultra Silver were worth $8,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in shares of ProShares Ultra Silver in the fourth quarter valued at approximately $31,000. IFP Advisors Inc bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth $31,000. Spire Wealth Management bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth $50,000. Caitlin John LLC acquired a new position in ProShares Ultra Silver in the 4th quarter valued at $76,000. Finally, Blue Trust Inc. grew its stake in ProShares Ultra Silver by 86.7% in the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 228 shares during the last quarter.

ProShares Ultra Silver Trading Up 3.2%

Shares of AGQ opened at $68.20 on Thursday. ProShares Ultra Silver has a one year low of $47.79 and a one year high of $431.47. The company’s fifty day moving average price is $87.90 and its 200 day moving average price is $136.06.

ProShares Ultra Silver 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.