Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $157.28, but opened at $148.62. ProShares Ultra Silver shares last traded at $146.11, with a volume of 1,011,726 shares changing hands.
ProShares Ultra Silver Stock Down 7.0%
The firm’s 50-day moving average is $126.31 and its 200 day moving average is $144.55.
Institutional Trading of ProShares Ultra Silver
Several institutional investors and hedge funds have recently modified their holdings of AGQ. UBS Group AG purchased a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $9,454,000. Group One Trading LLC grew its holdings in ProShares Ultra Silver by 1,826.8% during 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 buying an additional 55,664 shares during the last quarter. Jump Financial LLC increased its position in ProShares Ultra Silver by 678.8% during the fourth quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock worth $8,192,000 after buying an additional 46,030 shares in the last quarter. Genesis Financial Group LLC acquired a new position in shares of ProShares Ultra Silver in the fourth quarter worth $3,258,000. Finally, HRT Financial LP acquired a new position in shares of ProShares Ultra Silver in the fourth quarter worth $2,777,000.
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.
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