Genesis Financial Group LLC Takes $3.26 Million Position in ProShares Ultra Silver $AGQ

Genesis Financial Group LLC acquired a new stake in shares of ProShares Ultra Silver (NYSEARCA:AGQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 21,000 shares of the exchange traded fund’s stock, valued at approximately $3,258,000. ProShares Ultra Silver makes up 1.9% of Genesis Financial Group LLC’s portfolio, making the stock its 16th biggest position. Genesis Financial Group LLC owned approximately 0.15% of ProShares Ultra Silver at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGQ. Steward Partners Investment Advisory LLC bought a new position in ProShares Ultra Silver in the second quarter valued at about $56,000. EverSource Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Silver during the second quarter worth about $1,019,000. BNP Paribas Financial Markets bought a new stake in shares of ProShares Ultra Silver during the second quarter worth about $492,000. Group One Trading LLC acquired a new position in shares of ProShares Ultra Silver in the second quarter valued at approximately $145,000. Finally, Headlands Technologies LLC increased its stake in shares of ProShares Ultra Silver by 259.5% in the second quarter. Headlands Technologies LLC now owns 13,896 shares of the exchange traded fund’s stock valued at $660,000 after buying an additional 10,031 shares during the period.

ProShares Ultra Silver Trading Down 6.8%

Shares of NYSEARCA AGQ opened at $110.77 on Friday. The company has a 50 day simple moving average of $163.50 and a 200 day simple moving average of $134.74. ProShares Ultra Silver has a 1 year low of $31.88 and a 1 year high of $431.47.

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.