ProShares Ultra Silver (NYSEARCA:AGQ) Sees Significant Growth in Short Interest

ProShares Ultra Silver (NYSEARCA:AGQ) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,851,727 shares, an increase of 49.3% from the February 12th total of 1,240,386 shares. Based on an average daily volume of 5,280,408 shares, the short-interest ratio is presently 0.4 days. Approximately 11.6% of the company’s stock are sold short. Approximately 11.6% of the company’s stock are sold short. Based on an average daily volume of 5,280,408 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of ProShares Ultra Silver during the fourth quarter valued at approximately $31,000. IFP Advisors Inc bought a new position in shares of ProShares Ultra Silver in the 4th quarter worth $31,000. Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Silver in the 3rd quarter valued at $35,000. Spire Wealth Management acquired a new stake in ProShares Ultra Silver in the 4th quarter valued at $50,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in ProShares Ultra Silver during the 2nd quarter valued at $56,000.

ProShares Ultra Silver Price Performance

Shares of NYSEARCA AGQ traded down $15.48 during trading on Friday, hitting $138.14. 5,864,109 shares of the company traded hands, compared to its average volume of 9,199,892. The business’s fifty day moving average is $196.51 and its 200 day moving average is $130.07. ProShares Ultra Silver has a fifty-two week low of $31.88 and a fifty-two week high of $431.47.

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.