ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Down 6.4% – Time to Sell?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) were down 6.4% during mid-day trading on Tuesday. The company traded as low as $47.33 and last traded at $47.63. 1,016,130 shares were traded during trading, a decline of 78% from the average session volume of 4,523,974 shares. The stock had previously closed at $50.88.

ProShares Ultra Silver Trading Up 0.9%

The business has a 50-day moving average price of $64.77 and a 200-day moving average price of $102.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL increased its position in ProShares Ultra Silver by 223.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 426 shares in the last quarter. Compass Wealth Management LLC acquired a new stake in ProShares Ultra Silver in the third quarter worth about $68,000. Bullseye Investment Management LLC acquired a new stake in ProShares Ultra Silver in the second quarter worth about $69,000. Independent Financial Group LLC acquired a new stake in ProShares Ultra Silver in the first quarter worth about $245,000. Finally, NewEdge Advisors LLC boosted its holdings in ProShares Ultra Silver by 110.3% in the first quarter. NewEdge Advisors LLC now owns 2,723 shares of the exchange traded fund’s stock worth $325,000 after acquiring an additional 1,428 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.