ProShares Ultra Silver (NYSEARCA:AGQ) Shares Down 3.4%

ProShares Ultra Silver (NYSEARCA:AGQ) fell 3.4% during trading on Wednesday . The company traded as low as $37.64 and last traded at $38.15. 3,555,641 shares traded hands during trading, an increase of 132% from the average session volume of 1,534,082 shares. The stock had previously closed at $39.48.

ProShares Ultra Silver Trading Down 5.2 %

The stock has a 50-day moving average price of $35.97 and a 200 day moving average price of $35.85.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of ProShares Ultra Silver during the 1st quarter worth approximately $3,995,000. Keynote Financial Services LLC acquired a new position in shares of ProShares Ultra Silver during the 1st quarter worth approximately $817,000. IMC Chicago LLC acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $762,000. Simplex Trading LLC increased its position in shares of ProShares Ultra Silver by 121.3% during the 1st quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $1,434,000 after purchasing an additional 27,352 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $918,000.

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.