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

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $133.16, but opened at $123.35. ProShares Ultra Silver shares last traded at $117.9210, with a volume of 3,026,099 shares.

ProShares Ultra Silver Price Performance

The business’s 50-day moving average is $194.37 and its two-hundred day moving average is $116.53.

Institutional Trading of ProShares Ultra Silver

Several hedge funds have recently modified their holdings of the business. Jump Financial LLC boosted its stake in shares of ProShares Ultra Silver by 678.8% during the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock worth $8,192,000 after acquiring an additional 46,030 shares in the last quarter. Captrust Financial Advisors purchased a new stake in ProShares Ultra Silver during the fourth quarter worth $310,000. UMB Bank n.a. acquired a new stake in ProShares Ultra Silver in the fourth quarter valued at $132,000. Ieq Capital LLC increased its position in shares of ProShares Ultra Silver by 32.4% in the fourth quarter. Ieq Capital LLC now owns 11,121 shares of the exchange traded fund’s stock valued at $1,725,000 after buying an additional 2,721 shares in the last quarter. Finally, Hollencrest Capital Management increased its position in shares of ProShares Ultra Silver by 2.3% in the fourth quarter. Hollencrest Capital Management now owns 6,049 shares of the exchange traded fund’s stock valued at $938,000 after buying an additional 137 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.