ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $204.50, but opened at $182.11. ProShares Ultra Silver shares last traded at $182.7130, with a volume of 1,975,479 shares traded.

ProShares Ultra Silver Stock Performance

The firm’s 50 day moving average is $122.62 and its 200-day moving average is $82.92.

Institutional Investors Weigh In On ProShares Ultra Silver

Several hedge funds and other institutional investors have recently made changes to their positions in AGQ. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at approximately $376,000. Mercer Global Advisors Inc. ADV purchased a new stake in ProShares Ultra Silver in the 3rd quarter valued at $301,000. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Ultra Silver in the 3rd quarter worth $665,000. Advisory Alpha LLC increased its stake in shares of ProShares Ultra Silver by 10.1% in the 3rd quarter. Advisory Alpha LLC now owns 21,168 shares of the exchange traded fund’s stock worth $1,608,000 after acquiring an additional 1,938 shares during the last quarter. Finally, Group One Trading LLC raised its holdings in shares of ProShares Ultra Silver by 1,826.8% during the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock worth $4,476,000 after acquiring an additional 55,664 shares during the period.

ProShares Ultra Silver Company 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.