Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $82.92, but opened at $78.00. ProShares Ultra Silver shares last traded at $78.10, with a volume of 953,998 shares trading hands.
ProShares Ultra Silver Trading Down 5.1%
The business has a fifty day moving average of $72.41 and a 200-day moving average of $105.77.
Institutional Trading of ProShares Ultra Silver
Several institutional investors and hedge funds have recently added to or reduced their stakes in AGQ. IFP Advisors Inc acquired a new position in ProShares Ultra Silver in the fourth quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL boosted its stake in shares of ProShares Ultra Silver by 223.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 426 shares in the last quarter. Caitlin John LLC bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth $76,000. UMB Bank n.a. acquired a new position in shares of ProShares Ultra Silver in the 4th quarter worth $132,000. Finally, Group One Trading LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter worth $145,000.
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.
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