ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Down 2.8% – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ) traded down 2.8% during trading on Friday . The stock traded as low as $37.40 and last traded at $37.99. 773,717 shares changed hands during trading, a decline of 49% from the average session volume of 1,509,652 shares. The stock had previously closed at $39.08.

ProShares Ultra Silver Trading Down 2.7 %

The firm has a fifty day moving average price of $37.62 and a 200 day moving average price of $38.51.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of institutional investors have recently bought and sold shares of the company. Advisory Alpha LLC increased its stake in ProShares Ultra Silver by 1.9% during the fourth quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock worth $609,000 after acquiring an additional 341 shares during the last quarter. Hollencrest Capital Management increased its position in shares of ProShares Ultra Silver by 8.5% during the 3rd quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock worth $204,000 after purchasing an additional 395 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of ProShares Ultra Silver by 3,943.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,262 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares Ultra Silver in the 3rd quarter valued at about $61,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in ProShares Ultra Silver in the second quarter valued at about $62,000.

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.