ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped down prior to trading on Friday . The stock had previously closed at $109.85, but opened at $100.09. ProShares Ultra Silver shares last traded at $99.01, with a volume of 1,497,062 shares changing hands.

ProShares Ultra Silver Stock Down 13.3%

The company’s fifty day simple moving average is $119.59 and its 200-day simple moving average is $148.42.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $31,000. IFP Advisors Inc bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth about $31,000. Spire Wealth Management bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth about $50,000. Blue Trust Inc. grew its holdings in shares of ProShares Ultra Silver by 86.7% in the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 228 shares during the last quarter. Finally, Caitlin John LLC bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth about $76,000.

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.