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

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $49.90, but opened at $47.94. ProShares Ultra Silver shares last traded at $46.86, with a volume of 1,118,891 shares changing hands.

ProShares Ultra Silver Stock Down 0.2 %

The stock has a fifty day moving average of $39.46 and a 200-day moving average of $38.22.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of large investors have recently modified their holdings of AGQ. Insigneo Advisory Services LLC bought a new stake in shares of ProShares Ultra Silver during the second quarter worth approximately $918,000. New Harbor Financial Group LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at $321,000. Keynote Financial Services LLC bought a new position in shares of ProShares Ultra Silver in the 1st quarter worth $817,000. Quadrature Capital Ltd acquired a new stake in shares of ProShares Ultra Silver during the first quarter worth $3,995,000. Finally, Advisory Alpha LLC bought a new stake in ProShares Ultra Silver in the second quarter valued at about $495,000.

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.