ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Down 5.5% – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price traded down 5.5% during trading on Friday . The company traded as low as $145.01 and last traded at $145.20. 1,326,302 shares traded hands during trading, a decline of 85% from the average session volume of 9,100,762 shares. The stock had previously closed at $153.62.

ProShares Ultra Silver Price Performance

The firm has a 50 day simple moving average of $196.51 and a 200-day simple moving average of $130.07.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of large investors have recently added to or reduced their stakes in the business. UBS Group AG bought a new position in ProShares Ultra Silver during the fourth quarter worth $9,454,000. Group One Trading LLC raised its position in shares of ProShares Ultra Silver by 1,826.8% in the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after purchasing an additional 55,664 shares during the period. Jump Financial LLC raised its position in shares of ProShares Ultra Silver by 678.8% in the fourth quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after purchasing an additional 46,030 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of ProShares Ultra Silver during the 3rd quarter worth about $2,020,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Silver during the 2nd quarter worth about $1,019,000.

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.