ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $64.02, but opened at $60.89. ProShares Ultra Silver shares last traded at $59.63, with a volume of 931,759 shares changing hands.
ProShares Ultra Silver Stock Performance
The company’s 50 day moving average is $96.11 and its 200 day moving average is $139.89.
Institutional Trading of ProShares Ultra Silver
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of ProShares Ultra Silver in the 4th quarter valued at about $31,000. IFP Advisors Inc purchased a new position in ProShares Ultra Silver during the 4th quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL increased its position in ProShares Ultra Silver by 223.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 426 shares during the period. Spire Wealth Management acquired a new position in ProShares Ultra Silver during the fourth quarter worth approximately $50,000. Finally, Blue Trust Inc. lifted its stake in ProShares Ultra Silver by 86.7% in the fourth 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.
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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