ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Down – Time to Sell?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) gapped down prior to trading on Wednesday . The stock had previously closed at $48.76, but opened at $46.66. ProShares Ultra Silver shares last traded at $46.40, with a volume of 739,878 shares trading hands.

ProShares Ultra Silver Trading Down 3.4 %

The business has a 50 day simple moving average of $40.10 and a two-hundred day simple moving average of $38.48.

Institutional Inflows and Outflows

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

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.