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

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped down prior to trading on Monday . The stock had previously closed at $199.74, but opened at $165.48. ProShares Ultra Silver shares last traded at $165.0060, with a volume of 3,265,503 shares changing hands.

ProShares Ultra Silver Price Performance

The business’s 50-day moving average is $105.42 and its 200 day moving average is $75.39.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV bought a new position in ProShares Ultra Silver during the 3rd quarter worth approximately $301,000. Flow Traders U.S. LLC bought a new position in shares of ProShares Ultra Silver in the third quarter worth approximately $665,000. Advisory Alpha LLC grew its holdings in shares of ProShares Ultra Silver by 10.1% in the third quarter. Advisory Alpha LLC now owns 21,168 shares of the exchange traded fund’s stock worth $1,608,000 after purchasing an additional 1,938 shares during the last quarter. Group One Trading LLC increased its stake in shares of ProShares Ultra Silver by 1,826.8% in the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock worth $4,476,000 after buying an additional 55,664 shares during the period. Finally, Integrated Advisors Network LLC bought a new stake in ProShares Ultra Silver during the 3rd quarter valued at $687,000.

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.