ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 2.8% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded down 2.8% during trading on Friday . The stock traded as low as $37.40 and last traded at $37.99. 773,717 shares traded hands during trading, a decline of 49% from the average session volume of 1,509,652 shares. The stock had previously closed at $39.08.

ProShares Ultra Silver Trading Down 3.5 %

The firm has a fifty day moving average of $37.57 and a 200 day moving average of $38.51.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds have recently bought and sold shares of AGQ. Insigneo Advisory Services LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter valued at approximately $918,000. Beaird Harris Wealth Management LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter valued at approximately $62,000. Advisory Alpha LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter valued at approximately $495,000. International Assets Investment Management LLC grew its stake in ProShares Ultra Silver by 3,943.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,262 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Silver during the 3rd quarter valued at approximately $61,000.

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.