ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Down 3.7%

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price fell 3.7% on Friday . The stock traded as low as $41.11 and last traded at $41.38. 1,687,156 shares traded hands during trading, an increase of 7% from the average session volume of 1,577,967 shares. The stock had previously closed at $42.97.

ProShares Ultra Silver Trading Down 2.9 %

The business has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $36.56.

Hedge Funds Weigh In On ProShares Ultra Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC purchased a new position in shares of ProShares Ultra Silver during the second quarter valued at approximately $62,000. New Harbor Financial Group LLC purchased a new position in ProShares Ultra Silver during the second quarter valued at $321,000. Advisory Alpha LLC purchased a new position in ProShares Ultra Silver during the second quarter valued at $495,000. Keynote Financial Services LLC bought a new stake in ProShares Ultra Silver in the first quarter worth $817,000. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of ProShares Ultra Silver in the second quarter worth $918,000.

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.