ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $117.50, but opened at $110.87. ProShares Ultra Silver shares last traded at $111.65, with a volume of 922,256 shares changing hands.
ProShares Ultra Silver Stock Up 12.9%
The company has a fifty day simple moving average of $129.52 and a two-hundred day simple moving average of $142.37.
Hedge Funds Weigh In On ProShares Ultra Silver
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGQ. UBS Group AG acquired a new position in ProShares Ultra Silver in the 4th quarter valued at $9,454,000. Group One Trading LLC raised 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 acquiring an additional 55,664 shares in the last quarter. Jump Financial LLC raised 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 acquiring an additional 46,030 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in ProShares Ultra Silver in the 3rd quarter valued at $2,020,000. Finally, Genesis Financial Group LLC acquired a new position in ProShares Ultra Silver in the 4th quarter valued at $3,258,000.
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.
Further Reading
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