ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Should You Sell?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped down before the market opened 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.

ProShares Ultra Silver Stock Up 1.5%

The business has a 50 day simple moving average of $93.27 and a 200-day simple moving average of $138.35.

Institutional Trading of ProShares Ultra Silver

Institutional investors have recently modified their holdings of the company. Group One Trading LLC increased its position in shares of ProShares Ultra Silver by 53.3% in the fourth quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock worth $13,965,000 after acquiring an additional 31,313 shares in the last quarter. UBS Group AG acquired a new position in shares of ProShares Ultra Silver in the fourth quarter worth $9,454,000. Jump Financial LLC lifted its holdings in shares of ProShares Ultra Silver by 678.8% during the 4th 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 during the last quarter. Advisory Alpha LLC lifted its stake in ProShares Ultra Silver by 7.3% in the fourth quarter. Advisory Alpha LLC now owns 22,722 shares of the exchange traded fund’s stock valued at $3,525,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Genesis Financial Group LLC acquired a new stake in shares of ProShares Ultra Silver in the 4th quarter valued at $3,258,000.

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.