ProShares Ultra Silver (NYSEARCA:AGQ) Trading Down 7.1% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price dropped 7.1% during mid-day trading on Wednesday . The company traded as low as $66.75 and last traded at $68.88. Approximately 1,703,400 shares traded hands during trading, a decline of 72% from the average session volume of 6,010,550 shares. The stock had previously closed at $74.18.

ProShares Ultra Silver Trading Up 2.2%

The firm has a fifty day moving average price of $110.83 and a 200 day moving average price of $147.03.

Institutional Trading of ProShares Ultra Silver

A number of hedge funds have recently bought and sold shares of AGQ. BNP Paribas Financial Markets purchased a new position in shares of ProShares Ultra Silver in the second quarter worth approximately $492,000. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Silver in the 2nd quarter valued at approximately $145,000. Headlands Technologies LLC lifted its position in shares of ProShares Ultra Silver by 259.5% in the 2nd quarter. Headlands Technologies LLC now owns 13,896 shares of the exchange traded fund’s stock valued at $660,000 after acquiring an additional 10,031 shares in the last quarter. Osaic Holdings Inc. boosted its stake in ProShares Ultra Silver by 8.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 345 shares during the period. Finally, Integrated Advisors Network LLC acquired a new position in ProShares Ultra Silver in the 3rd quarter worth approximately $687,000.

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.