ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down to $42.97

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped down before the market opened on Friday . The stock had previously closed at $42.97, but opened at $40.82. ProShares Ultra Silver shares last traded at $40.88, with a volume of 432,744 shares.

ProShares Ultra Silver Stock Performance

The stock’s fifty day moving average price is $39.61 and its two-hundred day moving average price is $32.14.

Institutional Trading of ProShares Ultra Silver

Several institutional investors and hedge funds have recently bought and sold shares of AGQ. Tower Research Capital LLC TRC increased its stake in shares of ProShares Ultra Silver by 341.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 1,778 shares in the last quarter. HTLF Bank bought a new position in shares of ProShares Ultra Silver during the fourth quarter valued at approximately $367,000. IMC Chicago LLC bought a new position in shares of ProShares Ultra Silver during the fourth quarter valued at approximately $762,000. Keynote Financial Services LLC bought a new position in shares of ProShares Ultra Silver during the first quarter valued at approximately $817,000. Finally, Simplex Trading LLC increased its position in shares of ProShares Ultra Silver by 121.3% during the first quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock valued at $1,434,000 after acquiring an additional 27,352 shares in 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.