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

ProShares Ultra Silver (NYSEARCA:AGQ) gapped down prior to trading on Thursday . The stock had previously closed at $68.20, but opened at $63.50. ProShares Ultra Silver shares last traded at $63.96, with a volume of 856,237 shares changing hands.

ProShares Ultra Silver Price Performance

The business’s fifty day moving average price is $87.90 and its 200 day moving average price is $136.06.

Institutional Investors Weigh In On ProShares Ultra Silver

Several large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL lifted its stake in shares of ProShares Ultra Silver by 223.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 426 shares during the period. NewEdge Advisors LLC boosted its position in ProShares Ultra Silver by 110.3% during the first quarter. NewEdge Advisors LLC now owns 2,723 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 1,428 shares in the last quarter. Vestor Capital LLC acquired a new stake in ProShares Ultra Silver in the 1st quarter valued at about $598,000. Anson Funds Management LP acquired a new position in ProShares Ultra Silver during the first quarter worth about $744,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of ProShares Ultra Silver by 15.2% in the first quarter. EverSource Wealth Advisors LLC now owns 6,816 shares of the exchange traded fund’s stock valued at $815,000 after purchasing an additional 900 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.