ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s stock price fell 2.8% during trading on Friday . The stock traded as low as $37.40 and last traded at $37.99. 773,717 shares were traded during mid-day 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 Stock Performance
The firm has a 50-day simple moving average of $37.62 and a two-hundred day simple moving average of $38.51.
Institutional Investors Weigh In On ProShares Ultra Silver
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in ProShares Ultra Silver during the third quarter worth approximately $2,566,000. Insigneo Advisory Services LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $918,000. Advisory Alpha LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $495,000. Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra Silver during the 3rd quarter valued at approximately $359,000. Finally, HighTower Advisors LLC acquired a new stake in ProShares Ultra Silver in the 3rd quarter valued at $292,000.
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.
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