ProShares Ultra Silver (NYSEARCA:AGQ) Stock Cross Below 200-Day Moving Average – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $147.96 and traded as low as $82.80. ProShares Ultra Silver shares last traded at $83.32, with a volume of 1,583,845 shares.

ProShares Ultra Silver Stock Performance

The business has a fifty day moving average of $114.24 and a two-hundred day moving average of $147.96.

Hedge Funds Weigh In On ProShares Ultra Silver

Several large investors have recently modified their holdings of the stock. UBS Group AG acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter worth about $9,454,000. Group One Trading LLC boosted its holdings in shares of ProShares Ultra Silver by 1,826.8% during the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock worth $4,476,000 after buying an additional 55,664 shares during the period. Jump Financial LLC grew its stake in ProShares Ultra Silver by 678.8% in the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after buying an additional 46,030 shares during the last quarter. Genesis Financial Group LLC acquired a new position in ProShares Ultra Silver in the 4th quarter valued at about $3,258,000. Finally, HRT Financial LP acquired a new position in ProShares Ultra Silver in the 4th quarter valued at about $2,777,000.

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. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.