ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 6.4% – Time to Sell?

ProShares Ultra Silver (NYSEARCA:AGQ) shares were down 6.4% during mid-day trading on Thursday . The stock traded as low as $167.00 and last traded at $176.6870. Approximately 2,665,091 shares traded hands during trading, a decline of 62% from the average daily volume of 6,947,367 shares. The stock had previously closed at $188.83.

ProShares Ultra Silver Stock Down 7.7%

The company’s 50 day moving average price is $120.59 and its 200 day moving average price is $82.23.

Institutional Trading of ProShares Ultra Silver

A number of large investors have recently modified their holdings of AGQ. Faithward Advisors LLC acquired a new stake in shares of ProShares Ultra Silver in the first quarter valued at $252,000. Advisory Alpha LLC increased its holdings in ProShares Ultra Silver by 8.4% during the 1st quarter. Advisory Alpha LLC now owns 19,611 shares of the exchange traded fund’s stock worth $905,000 after purchasing an additional 1,520 shares during the period. Savior LLC raised its position in ProShares Ultra Silver by 7.6% in the 2nd quarter. Savior LLC now owns 27,470 shares of the exchange traded fund’s stock valued at $1,305,000 after purchasing an additional 1,947 shares in the last quarter. SLT Holdings LLC purchased a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at about $237,000. Finally, Simplex Trading LLC boosted its stake in shares of ProShares Ultra Silver by 2,095.5% in the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock valued at $2,013,000 after buying an additional 40,464 shares during the period.

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.