Cadent Capital Advisors LLC cut its holdings in ProShares Ultra Silver (NYSEARCA:AGQ – Get Rating) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the exchange traded fund's stock after selling 8,000 shares during the quarter. Cadent Capital Advisors LLC owned 0.09% of ProShares Ultra Silver worth $384,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AGQ. HighTower Advisors LLC bought a new position in ProShares Ultra Silver in the 1st quarter valued at approximately $453,000. Flow Traders U.S. LLC bought a new position in shares of ProShares Ultra Silver during the 1st quarter valued at $917,000. UBS Group AG lifted its holdings in shares of ProShares Ultra Silver by 120.4% during the 1st quarter. UBS Group AG now owns 4,444 shares of the exchange traded fund's stock valued at $171,000 after buying an additional 2,428 shares during the period. BNP Paribas Arbitrage SA bought a new position in shares of ProShares Ultra Silver during the 1st quarter valued at $887,000. Finally, Bank of America Corp DE lifted its holdings in shares of ProShares Ultra Silver by 972.3% during the 1st quarter. Bank of America Corp DE now owns 32,329 shares of the exchange traded fund's stock valued at $1,246,000 after buying an additional 29,314 shares during the period.
Get ProShares Ultra Silver alerts:ProShares Ultra Silver Price Performance
NYSEARCA AGQ opened at $27.13 on Tuesday. The business's fifty day moving average price is $27.34 and its 200-day moving average price is $25.82. ProShares Ultra Silver has a 1-year low of $17.56 and a 1-year high of $42.91.
About ProShares Ultra Silver
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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.
Further Reading
- Get a free copy of the StockNews.com research report on ProShares Ultra Silver (AGQ)
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