TB Alternative Assets Ltd. Makes New $7.96 Million Investment in ProShares Ultra Silver $AGQ

TB Alternative Assets Ltd. purchased a new position in shares of ProShares Ultra Silver (NYSEARCA:AGQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 119,020 shares of the exchange traded fund’s stock, valued at approximately $7,962,000. ProShares Ultra Silver comprises approximately 1.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 14th largest holding. TB Alternative Assets Ltd. owned about 0.63% of ProShares Ultra Silver at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL grew 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 valued at $42,000 after acquiring an additional 426 shares during the last quarter. Bullseye Investment Management LLC bought a new position in ProShares Ultra Silver during the 2nd quarter worth approximately $69,000. Sovereign Financial Group Inc. purchased a new position in ProShares Ultra Silver in the 1st quarter worth approximately $204,000. Independent Financial Group LLC purchased a new position in ProShares Ultra Silver in the 1st quarter worth approximately $245,000. Finally, NewEdge Advisors LLC lifted its position in ProShares Ultra Silver by 110.3% in the first quarter. NewEdge Advisors LLC now owns 2,723 shares of the exchange traded fund’s stock valued at $325,000 after purchasing an additional 1,428 shares during the last quarter.

ProShares Ultra Silver Trading Up 6.8%

NYSEARCA:AGQ opened at $60.02 on Friday. The company has a fifty day moving average of $76.70 and a 200 day moving average of $89.95. ProShares Ultra Silver has a 52 week low of $55.77 and a 52 week high of $431.47.

ProShares Ultra Silver Profile

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.