ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Time to Sell?

ProShares Ultra Silver (NYSEARCA:AGQGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $40.32, but opened at $38.91. ProShares Ultra Silver shares last traded at $38.67, with a volume of 966,670 shares traded.

ProShares Ultra Silver Stock Performance

The firm has a 50-day simple moving average of $40.74 and a 200 day simple moving average of $39.77.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new position in shares of ProShares Ultra Silver in the first quarter valued at approximately $1,431,000. Flow Traders U.S. LLC acquired a new position in shares of ProShares Ultra Silver in the first quarter valued at approximately $1,176,000. Integrated Advisors Network LLC acquired a new position in shares of ProShares Ultra Silver in the first quarter valued at approximately $1,048,000. Simplex Trading LLC increased its holdings in shares of ProShares Ultra Silver by 206.0% in the fourth quarter. Simplex Trading LLC now owns 28,155 shares of the exchange traded fund’s stock valued at $947,000 after purchasing an additional 18,954 shares during the period. Finally, Two Sigma Securities LLC increased its holdings in shares of ProShares Ultra Silver by 201.3% in the fourth quarter. Two Sigma Securities LLC now owns 16,931 shares of the exchange traded fund’s stock valued at $570,000 after purchasing an additional 11,312 shares during the period.

ProShares Ultra Silver Company Profile

(Get Free Report)

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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