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 Thursday . The stock had previously closed at $38.59, but opened at $36.65. ProShares Ultra Silver shares last traded at $36.51, with a volume of 527,993 shares trading hands.

ProShares Ultra Silver Stock Down 3.5 %

The stock has a 50 day simple moving average of $37.58 and a two-hundred day simple moving average of $38.45.

Institutional Trading of ProShares Ultra Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in AGQ. Advisory Alpha LLC grew its holdings in shares of ProShares Ultra Silver by 1.9% during the fourth quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock worth $609,000 after buying an additional 341 shares during the last quarter. Hollencrest Capital Management boosted its holdings in ProShares Ultra Silver by 8.5% in the 3rd quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock valued at $204,000 after purchasing an additional 395 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in ProShares Ultra Silver by 3,943.8% in 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. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares Ultra Silver in the 3rd quarter valued at approximately $61,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in ProShares Ultra Silver in the 2nd quarter valued at approximately $62,000.

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.