ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ) gapped down before the market opened on Thursday . The stock had previously closed at $84.22, but opened at $77.52. ProShares Ultra Silver shares last traded at $77.69, with a volume of 1,608,945 shares.

ProShares Ultra Silver Price Performance

The business’s 50-day moving average is $74.32 and its two-hundred day moving average is $103.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGQ. IFP Advisors Inc acquired a new position in ProShares Ultra Silver during the fourth quarter worth about $31,000. Strategic Investment Solutions Inc. IL increased its stake in shares of 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 worth $42,000 after purchasing an additional 426 shares in the last quarter. Caitlin John LLC purchased a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $76,000. UMB Bank n.a. acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $132,000. Finally, Group One Trading LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $145,000.

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.