ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Down 5.7%

ProShares Ultra Silver (NYSEARCA:AGQGet Rating)’s share price dropped 5.7% during mid-day trading on Tuesday . The company traded as low as $39.36 and last traded at $39.46. Approximately 9,464 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,092,454 shares. The stock had previously closed at $41.85.

The firm’s 50 day moving average is $38.85 and its 200 day moving average is $36.23.

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC raised its holdings in shares of ProShares Ultra Silver by 559.8% in the third quarter. Flow Traders U.S. LLC now owns 115,735 shares of the exchange traded fund’s stock worth $3,702,000 after buying an additional 98,193 shares during the last quarter. Morgan Stanley lifted its position in ProShares Ultra Silver by 95.5% during the 3rd quarter. Morgan Stanley now owns 36,421 shares of the exchange traded fund’s stock worth $1,165,000 after acquiring an additional 17,791 shares during the period. Trellus Management Company LLC raised its stake in shares of ProShares Ultra Silver by 7.8% in the fourth quarter. Trellus Management Company LLC now owns 27,488 shares of the exchange traded fund’s stock worth $955,000 after purchasing an additional 1,988 shares during the last quarter. Two Sigma Securities LLC boosted its position in ProShares Ultra Silver by 57.3% in the third quarter. Two Sigma Securities LLC now owns 21,454 shares of the exchange traded fund’s stock valued at $686,000 after buying an additional 7,817 shares during the last quarter. Finally, Hellman Jordan Management Co. Inc. MA acquired a new position in ProShares Ultra Silver in the 4th quarter worth approximately $434,000.

About ProShares Ultra Silver (NYSEARCA:AGQ)

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.

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