ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped down prior to trading on Tuesday . The stock had previously closed at $174.48, but opened at $164.75. ProShares Ultra Silver shares last traded at $170.4980, with a volume of 1,669,740 shares changing hands.

ProShares Ultra Silver Stock Down 1.8%

The business’s 50 day moving average is $196.01 and its 200-day moving average is $119.82.

Institutional Investors Weigh In On ProShares Ultra Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC grew its stake in ProShares Ultra Silver by 53.3% during the 4th quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock valued at $13,965,000 after acquiring an additional 31,313 shares in the last quarter. UBS Group AG acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $9,454,000. Jump Financial LLC boosted its holdings in shares of ProShares Ultra Silver by 678.8% during the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock worth $8,192,000 after purchasing an additional 46,030 shares during the last quarter. Simplex Trading LLC grew its position in shares of ProShares Ultra Silver by 2,095.5% in the second quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock valued at $2,013,000 after purchasing an additional 40,464 shares in the last quarter. Finally, Savior LLC increased its holdings in shares of ProShares Ultra Silver by 5.2% in the third quarter. Savior LLC now owns 28,889 shares of the exchange traded fund’s stock valued at $2,202,000 after purchasing an additional 1,419 shares during the last quarter.

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. 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.