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

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,208,096 shares, a growth of 30.0% from the December 15th total of 929,305 shares. Based on an average daily volume of 6,245,563 shares, the short-interest ratio is currently 0.2 days. Currently, 8.8% of the company’s stock are sold short. Currently, 8.8% of the company’s stock are sold short. Based on an average daily volume of 6,245,563 shares, the short-interest ratio is currently 0.2 days.

ProShares Ultra Silver Stock Performance

Shares of AGQ stock opened at $243.16 on Monday. ProShares Ultra Silver has a 52 week low of $31.88 and a 52 week high of $267.79. The company’s 50 day moving average price is $141.58 and its two-hundred day moving average price is $91.36.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGQ. Group One Trading LLC lifted its stake in ProShares Ultra Silver by 1,826.8% in the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after acquiring an additional 55,664 shares during the last quarter. Simplex Trading LLC lifted its stake in shares of ProShares Ultra Silver by 2,095.5% during the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after buying an additional 40,464 shares during the last quarter. Savior LLC boosted its holdings in shares of ProShares Ultra Silver by 5.2% during the 3rd quarter. Savior LLC now owns 28,889 shares of the exchange traded fund’s stock worth $2,202,000 after buying an additional 1,419 shares during the period. Clear Harbor Asset Management LLC acquired a new position in ProShares Ultra Silver in the 3rd quarter valued at about $2,020,000. Finally, EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra Silver in the 2nd quarter valued at $1,019,000.

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.