ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Should You Sell?

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped down before the market opened on Wednesday . The stock had previously closed at $49.90, but opened at $47.94. ProShares Ultra Silver shares last traded at $46.86, with a volume of 1,118,891 shares.

ProShares Ultra Silver Stock Down 0.2 %

The firm’s 50 day moving average is $39.46 and its 200-day moving average is $38.22.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in ProShares Ultra Silver in the 1st quarter valued at approximately $3,995,000. Keynote Financial Services LLC acquired a new stake in shares of ProShares Ultra Silver in the first quarter worth $817,000. Insigneo Advisory Services LLC bought a new position in ProShares Ultra Silver during the second quarter worth $918,000. Advisory Alpha LLC acquired a new position in ProShares Ultra Silver during the 2nd quarter valued at $495,000. Finally, New Harbor Financial Group LLC bought a new stake in ProShares Ultra Silver in the 2nd quarter valued at $321,000.

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.