ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,450,661 shares, an increase of 89.6% from the September 30th total of 1,292,263 shares. Currently, 13.0% of the company’s stock are short sold. Based on an average daily volume of 2,668,610 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Trading of ProShares Ultra Silver
Hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL increased its stake in shares of ProShares Ultra Silver by 223.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in ProShares Ultra Silver by 15.2% during the first quarter. EverSource Wealth Advisors LLC now owns 6,816 shares of the exchange traded fund’s stock worth $815,000 after acquiring an additional 900 shares in the last quarter. Compass Wealth Management LLC purchased a new stake in ProShares Ultra Silver in the third quarter worth about $68,000. Bullseye Investment Management LLC purchased a new stake in ProShares Ultra Silver in the second quarter worth about $69,000. Finally, Pilgrim Partners Asia Pte Ltd grew its holdings in ProShares Ultra Silver by 20.0% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 6,600 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 1,100 shares during the period.
ProShares Ultra Silver Trading Up 4.5%
Shares of NYSEARCA AGQ traded up $1.99 during mid-day trading on Monday, hitting $45.76. 2,865,565 shares of the stock traded hands, compared to its average volume of 4,568,054. The stock has a fifty day moving average price of $70.91 and a 200-day moving average price of $111.52. ProShares Ultra Silver has a 52 week low of $42.87 and a 52 week high of $431.47.
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra Silver
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for ProShares Ultra Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Silver and related companies with MarketBeat.com's FREE daily email newsletter.
