ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s stock price were down 6.9% during trading on Tuesday . The stock traded as low as $102.89 and last traded at $104.09. Approximately 1,135,717 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,249,633 shares. The stock had previously closed at $111.81.
ProShares Ultra Silver Price Performance
The company’s 50 day simple moving average is $143.66 and its 200 day simple moving average is $136.61.
Hedge Funds Weigh In On ProShares Ultra Silver
Several institutional investors have recently modified their holdings of AGQ. BNP Paribas Financial Markets acquired a new position in shares of ProShares Ultra Silver in the second quarter worth $492,000. Group One Trading LLC acquired a new position in shares of ProShares Ultra Silver in the second quarter worth $145,000. Headlands Technologies LLC grew its stake in shares of ProShares Ultra Silver by 259.5% during the second quarter. Headlands Technologies LLC now owns 13,896 shares of the exchange traded fund’s stock worth $660,000 after purchasing an additional 10,031 shares in the last quarter. Osaic Holdings Inc. increased its holdings in ProShares Ultra Silver by 8.9% in the second quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock valued at $200,000 after buying an additional 345 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in ProShares Ultra Silver in the third quarter valued at $35,000.
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.
Further Reading
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