ProShares Ultra Silver (NYSEARCA:AGQ) Trading Down 4.2% – Should You Sell?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price were down 4.2% during mid-day trading on Friday . The stock traded as low as $37.47 and last traded at $37.53. Approximately 524,760 shares traded hands during trading, a decline of 68% from the average daily volume of 1,641,614 shares. The stock had previously closed at $39.19.

ProShares Ultra Silver Price Performance

The firm’s fifty day moving average price is $41.18 and its 200 day moving average price is $39.02.

Institutional Investors Weigh In On ProShares Ultra Silver

Several large investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Silver in the third quarter valued at $2,566,000. HighTower Advisors LLC bought a new position in ProShares Ultra Silver during the third quarter valued at $292,000. Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra Silver in the 3rd quarter worth $359,000. Hollencrest Capital Management increased its holdings in shares of ProShares Ultra Silver by 8.5% in the 3rd quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock worth $204,000 after buying an additional 395 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Silver during the 3rd quarter valued at about $61,000.

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.