ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $69.30, but opened at $65.30. ProShares Ultra Silver shares last traded at $65.20, with a volume of 1,162,587 shares traded.
ProShares Ultra Silver Stock Performance
The company has a 50 day simple moving average of $77.25 and a two-hundred day simple moving average of $91.92.
Hedge Funds Weigh In On ProShares Ultra Silver
Several institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Advisors Network LLC increased its holdings in ProShares Ultra Silver by 34.9% in the first quarter. Integrated Advisors Network LLC now owns 9,337 shares of the exchange traded fund’s stock valued at $1,116,000 after buying an additional 2,418 shares in the last quarter. Hoey Investments Inc. grew its position in shares of ProShares Ultra Silver by 767.4% during the 1st quarter. Hoey Investments Inc. now owns 9,099 shares of the exchange traded fund’s stock valued at $1,087,000 after acquiring an additional 8,050 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 900 shares in the last quarter. Anson Funds Management LP acquired a new stake in ProShares Ultra Silver in the first quarter valued at approximately $744,000. Finally, Vestor Capital LLC acquired a new stake in ProShares Ultra Silver in the first quarter valued at approximately $598,000.
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra Silver
- DraftKings Stacks the Deck: The $800M Prediction Pivot
- Wall Street Is Betting These 3 Beaten-Down Stocks Have More Room to Run
- Marvell Technology’s $90 Billion Revenue Goal Puts AI Execution Under a Microscope
- Meta Enterprise Platform: The “Next Major Pillar” of Zuckerberg’s AI Vision
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.
