ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 7.7% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) shares fell 7.7% during mid-day trading on Tuesday . The company traded as low as $84.29 and last traded at $85.05. 1,759,610 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 6,273,967 shares. The stock had previously closed at $92.18.

ProShares Ultra Silver Stock Down 8.5%

The company has a 50-day simple moving average of $119.17 and a 200 day simple moving average of $148.51.

Hedge Funds Weigh In On ProShares Ultra Silver

Several large investors have recently bought and sold shares of AGQ. Signaturefd LLC acquired a new stake in ProShares Ultra Silver in the 4th quarter worth $31,000. IFP Advisors Inc acquired a new position in shares of ProShares Ultra Silver during the fourth quarter valued at about $31,000. Spire Wealth Management bought a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at about $50,000. Blue Trust Inc. lifted its stake in shares of ProShares Ultra Silver by 86.7% in the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 228 shares during the period. Finally, Caitlin John LLC acquired a new stake in ProShares Ultra Silver during the fourth quarter worth about $76,000.

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.