ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $133.16, but opened at $123.35. ProShares Ultra Silver shares last traded at $117.9210, with a volume of 3,026,099 shares trading hands.
ProShares Ultra Silver Trading Down 9.8%
The business’s 50-day simple moving average is $194.37 and its 200-day simple moving average is $116.53.
Hedge Funds Weigh In On ProShares Ultra Silver
Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter worth approximately $31,000. IFP Advisors Inc purchased a new position in shares of ProShares Ultra Silver in the 4th quarter worth $31,000. Spire Wealth Management acquired a new position in ProShares Ultra Silver in the fourth quarter valued at $50,000. Farther Finance Advisors LLC purchased a new stake in ProShares Ultra Silver during the third quarter valued at about $35,000. Finally, Blue Trust Inc. increased its stake in ProShares Ultra Silver by 86.7% during the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 228 shares during the last quarter.
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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