ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $38.59, but opened at $36.65. ProShares Ultra Silver shares last traded at $36.51, with a volume of 527,993 shares.

ProShares Ultra Silver Stock Performance

The business has a 50 day moving average price of $37.58 and a 200-day moving average price of $38.42.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of institutional investors have recently bought and sold shares of AGQ. Advisory Alpha LLC bought a new stake in shares of ProShares Ultra Silver during the 2nd quarter valued at $495,000. Beaird Harris Wealth Management LLC acquired a new stake in ProShares Ultra Silver during the second quarter worth about $62,000. HighTower Advisors LLC bought a new position in ProShares Ultra Silver in the 3rd quarter valued at about $292,000. International Assets Investment Management LLC raised its position in shares of ProShares Ultra Silver by 3,943.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 1,262 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares Ultra Silver during the 3rd quarter worth approximately $61,000.

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.