ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $64.12, but opened at $58.84. ProShares Ultra Silver shares last traded at $59.04, with a volume of 1,190,452 shares trading hands.
ProShares Ultra Silver Trading Down 11.5%
The company has a fifty day simple moving average of $77.29 and a two-hundred day simple moving average of $90.53.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Hoey Investments Inc. lifted 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 buying an additional 8,050 shares during the last quarter. Anson Funds Management LP bought a new stake in shares of ProShares Ultra Silver in the first quarter valued at approximately $744,000. Vestor Capital LLC bought a new stake in shares of ProShares Ultra Silver in the first quarter valued at approximately $598,000. Legacy Wealth Managment LLC ID bought a new stake in shares of ProShares Ultra Silver in the first quarter valued at approximately $332,000. Finally, Integrated Advisors Network LLC grew its stake in shares of ProShares Ultra Silver by 34.9% in the first quarter. Integrated Advisors Network LLC now owns 9,337 shares of the exchange traded fund’s stock worth $1,116,000 after acquiring an additional 2,418 shares during the last quarter.
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.
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