ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Time to Sell?

Posted by Alanna Baker on Nov 25th, 2024

ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $39.75, but opened at $37.68. ProShares Ultra Silver shares last traded at $37.34, with a volume of 426,040 shares trading hands.

ProShares Ultra Silver Trading Down 5.9 %

The company has a 50-day moving average of $41.80 and a two-hundred day moving average of $39.23.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Silver in the third quarter valued at $2,566,000. Keynote Financial Services LLC purchased a new stake in shares of ProShares Ultra Silver in the first quarter worth approximately $817,000. Insigneo Advisory Services LLC purchased a new position in ProShares Ultra Silver during the 2nd quarter valued at $918,000. Advisory Alpha LLC purchased a new stake in shares of ProShares Ultra Silver during the second quarter valued at $495,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of ProShares Ultra Silver during the third quarter valued at approximately $359,000.

About ProShares Ultra Silver

(Get Free Report)

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.