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

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) gapped down before the market opened on Monday . The stock had previously closed at $38.37, but opened at $36.02. ProShares Ultra Silver shares last traded at $36.44, with a volume of 469,649 shares changing hands.

ProShares Ultra Silver Stock Performance

The firm’s 50 day simple moving average is $37.69 and its 200-day simple moving average is $38.50.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in ProShares Ultra Silver by 3,943.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 1,262 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra Silver during the third quarter worth $61,000. Beaird Harris Wealth Management LLC acquired a new position in ProShares Ultra Silver in the 2nd quarter worth $62,000. JPMorgan Chase & Co. purchased a new position in ProShares Ultra Silver in the 3rd quarter valued at about $110,000. Finally, Hollencrest Capital Management grew its stake in shares of ProShares Ultra Silver by 8.5% during the third quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock valued at $204,000 after acquiring an additional 395 shares in the last quarter.

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.