ProShares Ultra Silver (NYSEARCA:AGQ) Short Interest Update

ProShares Ultra Silver (NYSEARCA:AGQ) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,240,386 shares, a growth of 40.6% from the January 29th total of 882,114 shares. Based on an average trading volume of 11,500,065 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.8% of the shares of the stock are short sold. Currently, 7.8% of the shares of the stock are short sold. Based on an average trading volume of 11,500,065 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Ultra Silver Trading Up 11.0%

NYSEARCA AGQ opened at $193.37 on Monday. The company’s 50 day simple moving average is $198.94 and its 200 day simple moving average is $123.35. ProShares Ultra Silver has a 12 month low of $31.88 and a 12 month high of $431.47.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC boosted its stake in shares of ProShares Ultra Silver by 2,095.5% during the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after acquiring an additional 40,464 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of ProShares Ultra Silver during the second quarter valued at $237,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of ProShares Ultra Silver during the second quarter valued at $56,000. EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at $1,019,000. Finally, BNP Paribas Financial Markets purchased a new position in ProShares Ultra Silver in the 2nd quarter worth about $492,000.

About ProShares Ultra Silver

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.