ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 2.8% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) shares fell 2.8% during trading on Friday . The stock traded as low as $37.40 and last traded at $37.99. 773,717 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 1,509,652 shares. The stock had previously closed at $39.08.

ProShares Ultra Silver Price Performance

The firm has a 50-day moving average price of $37.57 and a 200 day moving average price of $38.51.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Insigneo Advisory Services LLC bought a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth approximately $918,000. Advisory Alpha LLC bought a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth approximately $495,000. Beaird Harris Wealth Management LLC bought a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth approximately $62,000. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Silver in the 3rd quarter worth approximately $292,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of ProShares Ultra Silver by 3,943.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,262 shares during the last quarter.

About ProShares Ultra Silver

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.