IMC Chicago LLC Makes New Investment in ProShares Ultra Silver (NYSEARCA:AGQ)

IMC Chicago LLC bought a new position in shares of ProShares Ultra Silver (NYSEARCA:AGQ) in the 1st quarter, HoldingsChannel reports. The fund bought 31,011 shares of the exchange traded fund’s stock, valued at approximately $1,431,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HM Payson & Co. acquired a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $39,000. Seaview Investment Managers LLC acquired a new stake in ProShares Ultra Silver during the fourth quarter worth approximately $269,000. 180 Wealth Advisors LLC acquired a new stake in ProShares Ultra Silver during the first quarter worth approximately $286,000. Two Sigma Securities LLC increased its holdings in shares of ProShares Ultra Silver by 201.3% in the 4th quarter. Two Sigma Securities LLC now owns 16,931 shares of the exchange traded fund’s stock valued at $570,000 after acquiring an additional 11,312 shares during the period. Finally, Simplex Trading LLC increased its holdings in shares of ProShares Ultra Silver by 206.0% in the 4th quarter. Simplex Trading LLC now owns 28,155 shares of the exchange traded fund’s stock valued at $947,000 after acquiring an additional 18,954 shares during the period.

ProShares Ultra Silver Trading Down 2.0%

NYSEARCA:AGQ opened at $48.35 on Thursday. The firm’s fifty day moving average price is $40.48 and its 200 day moving average price is $40.07. ProShares Ultra Silver has a 1-year low of $30.26 and a 1-year high of $50.22.

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.