ProShares Ultra Silver (NYSEARCA:AGQ) Stock Short Interest Report for October

ProShares Ultra Silver (NYSEARCA:AGQ) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 2,450,661 shares, an increase of 89.6% from the September 30th total of 1,292,263 shares. Currently, 13.0% of the company’s shares are sold short. Based on an average daily volume of 2,668,610 shares, the days-to-cover ratio is currently 0.9 days.

ProShares Ultra Silver Stock Down 11.5%

Shares of AGQ stock opened at $43.77 on Friday. ProShares Ultra Silver has a fifty-two week low of $42.87 and a fifty-two week high of $431.47. The firm’s 50 day moving average price is $70.91 and its two-hundred day moving average price is $111.52.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors have recently modified their holdings of AGQ. TB Alternative Assets Ltd. bought a new position in ProShares Ultra Silver during the 3rd quarter worth approximately $7,962,000. Integrated Advisors Network LLC acquired a new stake in shares of ProShares Ultra Silver during the third quarter worth $563,000. Hoey Investments Inc. raised its holdings in shares of ProShares Ultra Silver by 767.4% during the first quarter. Hoey Investments Inc. now owns 9,099 shares of the exchange traded fund’s stock worth $1,087,000 after purchasing an additional 8,050 shares during the period. Anson Funds Management LP acquired a new stake in shares of ProShares Ultra Silver during the first quarter worth $744,000. Finally, Vestor Capital LLC bought a new position in shares of ProShares Ultra Silver in the 1st quarter worth about $598,000.

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.