ProShares Ultra Silver (NYSEARCA:AGQ) Short Interest Up 40.6% in February

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,240,386 shares, a growth of 40.6% from the January 29th total of 882,114 shares. Approximately 7.8% of the shares of the company are short sold. Based on an average trading volume of 11,500,065 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 11,500,065 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.8% of the shares of the company are short sold.

ProShares Ultra Silver Stock Performance

Shares of NYSEARCA AGQ traded down $29.07 during mid-day trading on Tuesday, reaching $147.62. 12,690,401 shares of the company were exchanged, compared to its average volume of 10,154,155. The company’s 50-day simple moving average is $199.03 and its 200-day simple moving average is $124.90. ProShares Ultra Silver has a twelve month low of $31.88 and a twelve month high of $431.47.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors have recently made changes to their positions in AGQ. Signaturefd LLC acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter worth $31,000. IFP Advisors Inc bought a new stake in ProShares Ultra Silver during the fourth quarter worth about $31,000. Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Silver during the third quarter worth about $35,000. Spire Wealth Management acquired a new stake in ProShares Ultra Silver during the fourth quarter worth about $50,000. Finally, Steward Partners Investment Advisory LLC bought a new position in ProShares Ultra Silver in the 2nd quarter valued at about $56,000.

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.