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

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped down before the market opened on Thursday . The stock had previously closed at $157.28, but opened at $148.62. ProShares Ultra Silver shares last traded at $146.11, with a volume of 1,011,726 shares traded.

ProShares Ultra Silver Stock Down 7.0%

The stock’s 50 day moving average price is $126.31 and its 200 day moving average price is $144.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGQ. Signaturefd LLC purchased a new stake in shares of ProShares Ultra Silver in the fourth quarter worth about $31,000. IFP Advisors Inc acquired a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $31,000. Spire Wealth Management acquired a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $50,000. Blue Trust Inc. grew its holdings in shares of ProShares Ultra Silver by 86.7% during the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 228 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $76,000.

ProShares Ultra Silver Company Profile

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.