ProShares Ultra Silver (NYSEARCA:AGQ) Sees Significant Decrease in Short Interest

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 882,114 shares, a decline of 35.0% from the January 15th total of 1,358,018 shares. Based on an average daily volume of 14,649,415 shares, the days-to-cover ratio is presently 0.1 days. Approximately 5.5% of the company’s stock are sold short. Approximately 5.5% of the company’s stock are sold short. Based on an average daily volume of 14,649,415 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Ultra Silver Price Performance

Shares of NYSEARCA AGQ traded up $7.45 during midday trading on Friday, reaching $133.16. 6,937,057 shares of the company’s stock traded hands, compared to its average volume of 11,566,043. The stock’s 50 day simple moving average is $193.95 and its 200-day simple moving average is $115.03. ProShares Ultra Silver has a one year low of $31.88 and a one year high of $431.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AGQ. Signaturefd LLC bought a new stake in ProShares Ultra Silver during the fourth quarter valued at about $31,000. IFP Advisors Inc purchased a new stake in shares of ProShares Ultra Silver during the fourth quarter valued at about $31,000. Spire Wealth Management bought a new stake in shares of ProShares Ultra Silver in the 4th quarter valued at about $50,000. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra Silver in the 3rd quarter worth approximately $35,000. Finally, Blue Trust Inc. raised its stake in shares of ProShares Ultra Silver by 86.7% during the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 228 shares in the last quarter.

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.