ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) fell 7.1% during trading on Wednesday . The company traded as low as $66.75 and last traded at $68.88. Approximately 1,703,400 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 6,010,550 shares. The stock had previously closed at $74.18.
ProShares Ultra Silver Trading Down 9.0%
The firm’s 50 day moving average is $113.28 and its 200 day moving average is $147.69.
Institutional Investors Weigh In On ProShares Ultra Silver
Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in ProShares Ultra Silver during the 2nd quarter worth about $492,000. Group One Trading LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at about $145,000. Headlands Technologies LLC increased its holdings in shares of ProShares Ultra Silver by 259.5% in the 2nd quarter. Headlands Technologies LLC now owns 13,896 shares of the exchange traded fund’s stock valued at $660,000 after purchasing an additional 10,031 shares during the period. Osaic Holdings Inc. lifted its position in shares of ProShares Ultra Silver by 8.9% in the second quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 345 shares in the last quarter. Finally, Integrated Advisors Network LLC purchased a new stake in shares of ProShares Ultra Silver in the third quarter worth approximately $687,000.
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.
Further Reading
- Five stocks we like better than ProShares Ultra Silver
- EVs Are Big Winners of the Iran War—Just Not American Ones
- Dividend Increases: From Over 10% Yields to Over 10% Dividend Growth
- From Quantum to Clothing: Insider Trades Hit 3 Big Names
- ASML’s Chip Dominance Runs Into New Silicon Boundaries
Receive News & Ratings for ProShares Ultra Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Silver and related companies with MarketBeat.com's FREE daily email newsletter.
