Short Interest in ProShares Ultra Silver (NYSEARCA:AGQ) Grows By 49.3%

ProShares Ultra Silver (NYSEARCA:AGQ) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,851,727 shares, an increase of 49.3% from the February 12th total of 1,240,386 shares. Currently, 11.6% of the company’s stock are sold short. Based on an average daily trading volume, of 5,280,408 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 5,280,408 shares, the days-to-cover ratio is currently 0.4 days. Currently, 11.6% of the company’s stock are sold short.

ProShares Ultra Silver Price Performance

Shares of NYSEARCA:AGQ opened at $138.14 on Monday. The company’s fifty day moving average is $196.51 and its two-hundred day moving average is $130.61. ProShares Ultra Silver has a 1-year low of $31.88 and a 1-year high of $431.47.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors have recently made changes to their positions in AGQ. Signaturefd LLC bought a new stake in ProShares Ultra Silver in the fourth quarter worth about $31,000. IFP Advisors Inc bought a new position in shares of ProShares Ultra Silver during the 4th quarter valued at about $31,000. Spire Wealth Management acquired a new position in shares of ProShares Ultra Silver in the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC acquired a new position in shares of ProShares Ultra Silver in the 3rd quarter worth approximately $35,000. Finally, Caitlin John LLC bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth approximately $76,000.

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.