ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down to $39.53

ProShares Ultra Silver (NYSEARCA:AGQGet Rating) gapped down before the market opened on Thursday . The stock had previously closed at $39.53, but opened at $37.67. ProShares Ultra Silver shares last traded at $37.85, with a volume of 4,880 shares traded.

The company has a 50 day simple moving average of $39.11 and a two-hundred day simple moving average of $36.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new position in shares of ProShares Ultra Silver during the first quarter valued at approximately $525,000. Hollencrest Capital Management boosted its holdings in shares of ProShares Ultra Silver by 35.8% in the first quarter. Hollencrest Capital Management now owns 9,485 shares of the exchange traded fund’s stock valued at $365,000 after purchasing an additional 2,500 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of ProShares Ultra Silver by 2,690.7% in the fourth quarter. First Horizon Advisors Inc. now owns 3,600 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 3,471 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at approximately $73,000. Finally, Trellus Management Company LLC boosted its holdings 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 valued at $955,000 after purchasing an additional 1,988 shares during the period.

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.

Read More

Receive News & Ratings for ProShares Ultra Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Silver and related companies with MarketBeat.com's FREE daily email newsletter.