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

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,450,661 shares, a growth of 89.6% from the September 30th total of 1,292,263 shares. Based on an average trading volume of 2,668,610 shares, the short-interest ratio is currently 0.9 days. Approximately 13.0% of the company’s shares are sold short.

Institutional Trading of ProShares Ultra Silver

Several institutional investors have recently made changes to their positions in AGQ. Hoey Investments Inc. boosted its holdings in ProShares Ultra Silver by 767.4% in the first quarter. Hoey Investments Inc. now owns 9,099 shares of the exchange traded fund’s stock valued at $1,087,000 after acquiring an additional 8,050 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in ProShares Ultra Silver during the third quarter worth about $7,962,000. Integrated Advisors Network LLC acquired a new stake in ProShares Ultra Silver during the third quarter worth about $563,000. Bullseye Investment Management LLC acquired a new stake in ProShares Ultra Silver during the second quarter worth about $69,000. Finally, Strategic Investment Solutions Inc. IL raised its holdings in shares of ProShares Ultra Silver by 223.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 426 shares during the period.

ProShares Ultra Silver Stock Performance

ProShares Ultra Silver stock opened at $43.77 on Friday. ProShares Ultra Silver has a 1 year low of $42.87 and a 1 year high of $431.47. The firm has a 50 day moving average price of $70.91 and a 200 day moving average price of $111.52.

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.