Short Interest in ProShares Ultra Silver (NYSEARCA:AGQ) Declines By 15.8%

ProShares Ultra Silver (NYSEARCA:AGQ) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 1,143,716 shares, a drop of 15.8% from the March 31st total of 1,358,883 shares. Approximately 7.6% of the shares of the company are short sold. Based on an average trading volume of 3,519,311 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Ultra Silver Stock Up 4.8%

AGQ traded up $5.41 during trading on Friday, hitting $117.50. The company’s stock had a trading volume of 3,536,895 shares, compared to its average volume of 7,166,073. ProShares Ultra Silver has a twelve month low of $37.95 and a twelve month high of $431.47. The business’s fifty day simple moving average is $131.53 and its 200 day simple moving average is $141.33.

Institutional Trading of ProShares Ultra Silver

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC acquired a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $31,000. IFP Advisors Inc acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC acquired a new stake in shares of ProShares Ultra Silver in the third quarter worth approximately $35,000. Spire Wealth Management acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter worth approximately $50,000. Finally, Blue Trust Inc. boosted its stake in shares of ProShares Ultra Silver by 86.7% in the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 228 shares during 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.