ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $48.76, but opened at $46.66. ProShares Ultra Silver shares last traded at $46.40, with a volume of 739,878 shares.
ProShares Ultra Silver Price Performance
The firm has a 50-day moving average of $40.30 and a 200-day moving average of $38.54.
Institutional Investors Weigh In On ProShares Ultra Silver
A number of large investors have recently bought and sold shares of AGQ. International Assets Investment Management LLC raised its stake in shares of ProShares Ultra Silver by 3,943.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 1,262 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Silver during the third quarter worth about $61,000. Beaird Harris Wealth Management LLC purchased a new position in ProShares Ultra Silver during the second quarter valued at approximately $62,000. New Harbor Financial Group LLC acquired a new position in ProShares Ultra Silver in the second quarter valued at approximately $321,000. Finally, Advisory Alpha LLC purchased a new stake in ProShares Ultra Silver in the 2nd quarter worth approximately $495,000.
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.
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