ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $70.38, but opened at $65.80. ProShares Ultra Silver shares last traded at $66.14, with a volume of 697,139 shares trading hands.
ProShares Ultra Silver Stock Performance
The company has a 50-day simple moving average of $101.72 and a two-hundred day simple moving average of $143.71.
Institutional Trading of ProShares Ultra Silver
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth about $31,000. IFP Advisors Inc acquired a new position in ProShares Ultra Silver during the fourth quarter worth approximately $31,000. Spire Wealth Management bought a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $50,000. Blue Trust Inc. raised its stake in 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 shares of ProShares Ultra Silver in the fourth quarter valued at approximately $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.
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