ProShares Ultra Silver (NYSEARCA:AGQ) Sees Large Increase in Short Interest

ProShares Ultra Silver (NYSEARCA:AGQ) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,208,096 shares, a growth of 30.0% from the December 15th total of 929,305 shares. Approximately 8.8% of the shares of the stock are short sold. Based on an average daily volume of 6,245,563 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 6,245,563 shares, the days-to-cover ratio is currently 0.2 days. Approximately 8.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Silver

Hedge funds have recently made changes to their positions in the company. Savior LLC boosted its stake in shares of ProShares Ultra Silver by 7.6% in the second quarter. Savior LLC now owns 27,470 shares of the exchange traded fund’s stock worth $1,305,000 after acquiring an additional 1,947 shares during the last quarter. SLT Holdings LLC acquired a new stake in shares of ProShares Ultra Silver in the second quarter valued at about $237,000. Simplex Trading LLC lifted its stake in shares of ProShares Ultra Silver by 2,095.5% in the second quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after buying an additional 40,464 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in ProShares Ultra Silver during the second quarter worth about $237,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in ProShares Ultra Silver during the 2nd quarter valued at about $56,000.

ProShares Ultra Silver Price Performance

ProShares Ultra Silver stock traded down $14.60 during trading on Friday, reaching $243.16. The company had a trading volume of 10,910,085 shares, compared to its average volume of 8,767,402. The firm’s 50-day simple moving average is $141.58 and its 200 day simple moving average is $91.07. ProShares Ultra Silver has a 1-year low of $31.88 and a 1-year high of $267.79.

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. 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.