ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $119.04, but opened at $109.38. ProShares Ultra Silver shares last traded at $110.85, with a volume of 1,390,755 shares trading hands.
ProShares Ultra Silver Trading Up 2.6%
The firm’s 50-day moving average price is $119.21 and its two-hundred day moving average price is $147.67.
Institutional Trading of ProShares Ultra Silver
Institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its stake in ProShares Ultra Silver by 3.7% during the fourth quarter. LPL Financial LLC now owns 3,633 shares of the exchange traded fund’s stock worth $564,000 after buying an additional 128 shares during the last quarter. Hollencrest Capital Management grew its stake in ProShares Ultra Silver by 2.3% during the fourth quarter. Hollencrest Capital Management now owns 6,049 shares of the exchange traded fund’s stock worth $938,000 after buying an additional 137 shares during the last quarter. Signaturefd LLC bought a new stake in ProShares Ultra Silver during the fourth quarter worth about $31,000. IFP Advisors Inc bought a new stake in ProShares Ultra Silver during the fourth quarter worth about $31,000. Finally, Blue Trust Inc. grew its stake in ProShares Ultra Silver by 86.7% during the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 228 shares during the last quarter.
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.
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