ProShares Ultra Silver (NYSEARCA:AGQ) Short Interest Up 30.0% in December

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,208,096 shares, an increase of 30.0% from the December 15th total of 929,305 shares. Approximately 8.8% of the shares of the company are short sold. Based on an average trading volume of 6,245,563 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 6,245,563 shares, the short-interest ratio is currently 0.2 days. Approximately 8.8% of the shares of the company are short sold.

ProShares Ultra Silver Price Performance

Shares of ProShares Ultra Silver stock opened at $243.16 on Tuesday. The firm has a fifty day moving average price of $144.72 and a two-hundred day moving average price of $92.73. ProShares Ultra Silver has a fifty-two week low of $31.88 and a fifty-two week high of $267.79.

Hedge Funds Weigh In On ProShares Ultra Silver

Several large investors have recently added to or reduced their stakes in AGQ. Spire Wealth Management acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Silver during the third quarter worth $35,000. Blue Trust Inc. increased its holdings in ProShares Ultra Silver by 86.7% in the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 228 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at $56,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of ProShares Ultra Silver during the 4th quarter worth about $376,000.

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.