ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Should You Sell?

ProShares Ultra Silver (NYSEARCA:AGQ) gapped down prior to trading on Tuesday . The stock had previously closed at $88.98, but opened at $85.42. ProShares Ultra Silver shares last traded at $85.48, with a volume of 426,643 shares changing hands.

ProShares Ultra Silver Stock Down 2.4%

The firm has a 50 day simple moving average of $72.35 and a two-hundred day simple moving average of $107.09.

Institutional Trading of ProShares Ultra Silver

Hedge funds have recently modified their holdings of the company. Group One Trading LLC boosted its position in shares of ProShares Ultra Silver by 53.3% during the fourth quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock worth $13,965,000 after purchasing an additional 31,313 shares in the last quarter. UBS Group AG acquired a new stake in ProShares Ultra Silver during the 4th quarter worth $9,454,000. Jump Financial LLC lifted its holdings in ProShares Ultra Silver by 678.8% during the fourth 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. Advisory Alpha LLC lifted its holdings in ProShares Ultra Silver by 7.3% during the fourth quarter. Advisory Alpha LLC now owns 22,722 shares of the exchange traded fund’s stock worth $3,525,000 after acquiring an additional 1,554 shares in the last quarter. Finally, HRT Financial LP acquired a new position in ProShares Ultra Silver in the fourth quarter valued at about $2,777,000.

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.