ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price fell 17.6% during mid-day trading on Friday . The company traded as low as $115.11 and last traded at $117.07. 2,537,102 shares changed hands during trading, a decline of 63% from the average session volume of 6,793,011 shares. The stock had previously closed at $142.15.
ProShares Ultra Silver Stock Performance
The business has a 50 day moving average price of $126.20 and a 200-day moving average price of $144.98.
Institutional Investors Weigh In On ProShares Ultra Silver
Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $31,000. IFP Advisors Inc bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $31,000. Spire Wealth Management bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $50,000. Blue Trust Inc. raised its stake in ProShares Ultra Silver by 86.7% in the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 228 shares during the period. Finally, Caitlin John LLC bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $76,000.
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. 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.
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