ProShares Ultra Silver (NYSEARCA:AGQ) Short Interest Down 16.7% in March

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 1,543,037 shares, a decline of 16.7% from the February 26th total of 1,851,727 shares. Based on an average daily trading volume, of 5,629,585 shares, the short-interest ratio is presently 0.3 days. Currently, 9.7% of the shares of the company are sold short.

ProShares Ultra Silver Stock Performance

NYSEARCA:AGQ opened at $103.43 on Monday. The stock’s fifty day moving average price is $175.52 and its two-hundred day moving average price is $134.33. 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG bought a new position in ProShares Ultra Silver in the 4th quarter worth about $9,454,000. Group One Trading LLC increased its position in shares of ProShares Ultra Silver by 1,826.8% during 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 buying an additional 55,664 shares during the period. Jump Financial LLC lifted its holdings 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 worth $8,192,000 after buying an additional 46,030 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of ProShares Ultra Silver in the third quarter worth about $2,020,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Silver in the second quarter valued at approximately $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.