ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – What’s Next?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) gapped down prior to trading on Wednesday . The stock had previously closed at $134.43, but opened at $126.28. ProShares Ultra Silver shares last traded at $127.19, with a volume of 1,958,736 shares changing hands.

ProShares Ultra Silver Stock Performance

The business has a 50-day simple moving average of $194.32 and a two-hundred day simple moving average of $131.76.

Hedge Funds Weigh In On ProShares Ultra Silver

Large investors have recently bought and sold shares of the company. UBS Group AG acquired a new stake in shares of ProShares Ultra Silver in the 4th quarter worth $9,454,000. Group One Trading LLC lifted its holdings in shares of ProShares Ultra Silver by 1,826.8% in the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after buying an additional 55,664 shares during the period. Jump Financial LLC boosted its stake in shares of ProShares Ultra Silver by 678.8% in the fourth quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after buying an additional 46,030 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of ProShares Ultra Silver in the third quarter valued at approximately $2,020,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth $1,019,000.

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.