ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 9.1% – Should You Sell?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price were down 9.1% on Tuesday . The stock traded as low as $144.90 and last traded at $144.8830. Approximately 2,645,805 shares changed hands during trading, a decline of 78% from the average daily volume of 11,807,966 shares. The stock had previously closed at $159.42.

ProShares Ultra Silver Price Performance

The firm has a 50-day moving average price of $191.58 and a 200-day moving average price of $113.38.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AGQ. Advisory Alpha LLC grew its holdings in ProShares Ultra Silver by 7.3% in the fourth quarter. Advisory Alpha LLC now owns 22,722 shares of the exchange traded fund’s stock worth $3,525,000 after purchasing an additional 1,554 shares during the period. IFP Advisors Inc bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth approximately $31,000. Csenge Advisory Group grew its stake in shares of ProShares Ultra Silver by 14.2% in the 4th quarter. Csenge Advisory Group now owns 9,048 shares of the exchange traded fund’s stock worth $1,404,000 after buying an additional 1,122 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of ProShares Ultra Silver in the 4th quarter worth approximately $222,000. Finally, Vantage Financial Partners LLC bought a new position in ProShares Ultra Silver during the 4th quarter valued at approximately $521,000.

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.