ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 17.5% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) shares traded down 17.5% during trading on Thursday . The stock traded as low as $94.38 and last traded at $101.90. 7,512,826 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 8,835,209 shares. The stock had previously closed at $123.51.

ProShares Ultra Silver Stock Performance

The company has a 50 day moving average price of $193.02 and a two-hundred day moving average price of $131.70.

Institutional Investors Weigh In On ProShares Ultra Silver

Several large investors have recently bought and sold shares of the company. UBS Group AG acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter worth approximately $9,454,000. Group One Trading LLC lifted its holdings in ProShares Ultra Silver by 1,826.8% in the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after purchasing an additional 55,664 shares in the last quarter. Jump Financial LLC lifted its holdings in ProShares Ultra Silver by 678.8% in the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after purchasing an additional 46,030 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in ProShares Ultra Silver during the 3rd quarter worth $2,020,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter worth $1,019,000.

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. 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.