ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped down prior to trading on Monday . The stock had previously closed at $38.37, but opened at $36.02. ProShares Ultra Silver shares last traded at $36.44, with a volume of 469,649 shares.

ProShares Ultra Silver Stock Down 6.2 %

The stock has a 50 day simple moving average of $37.98 and a 200-day simple moving average of $38.51.

Institutional Inflows and Outflows

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