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

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $83.72, but opened at $78.92. ProShares Ultra Silver shares last traded at $76.79, with a volume of 1,277,101 shares changing hands.

ProShares Ultra Silver Price Performance

The company’s 50 day simple moving average is $75.83 and its two-hundred day simple moving average is $97.36.

Institutional Trading of ProShares Ultra Silver

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter worth about $31,000. Strategic Investment Solutions Inc. IL boosted its holdings 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 period. Bullseye Investment Management LLC bought a new position in shares of ProShares Ultra Silver in the second quarter worth about $69,000. Sovereign Financial Group Inc. bought a new stake in ProShares Ultra Silver during the 1st quarter valued at approximately $204,000. Finally, Independent Financial Group LLC bought a new position in ProShares Ultra Silver in the 1st quarter worth approximately $245,000.

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.