ProShares Ultra Silver (NYSEARCA:AGQ) Trading Down 6.4% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQGet Free Report)’s share price were down 6.4% during trading on Thursday . The stock traded as low as $167.00 and last traded at $176.6870. Approximately 2,665,091 shares changed hands during trading, a decline of 62% from the average daily volume of 6,947,367 shares. The stock had previously closed at $188.83.

ProShares Ultra Silver Stock Up 7.7%

The firm’s fifty day moving average is $124.95 and its two-hundred day moving average is $83.95.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in ProShares Ultra Silver in the 3rd quarter worth $35,000. Steward Partners Investment Advisory LLC bought a new position in shares of ProShares Ultra Silver in the second quarter worth about $56,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ProShares Ultra Silver during the 4th quarter valued at about $376,000. Group One Trading LLC bought a new position in shares of ProShares Ultra Silver during the 2nd quarter valued at approximately $145,000. Finally, Compass Wealth Management LLC purchased a new stake in ProShares Ultra Silver in the 3rd quarter worth approximately $257,000.

ProShares Ultra Silver Company Profile

(Get Free Report)

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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