Millennium Management LLC cut its stake in ProShares Ultra Silver (NYSEARCA:AGQ) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,164 shares of the exchange traded fund’s stock after selling 17,754 shares during the period. Millennium Management LLC owned 2.21% of ProShares Ultra Silver worth $4,408,000 at the end of the most recent quarter.
Separately, Virtu Financial LLC bought a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $1,208,000.
ProShares Ultra Silver stock opened at $23.97 on Wednesday. ProShares Ultra Silver has a 52-week low of $21.74 and a 52-week high of $34.91.
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.
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