On May 15, ProShares Ultra Silver ETF (AGQ) declined 15.86% in regular trading, trading at $118.15 USD/share, with trading volume of $178 million.
As a 2x leveraged product tracking silver prices, the fund's amplified decline reflects significant downward pressure in the underlying silver market during today's session. No specific news catalyst has been identified from available public information to account for the magnitude of the move.
ProShares Ultra Silver ETF seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts and option contracts) based on the benchmark. The types and mix of Financial Instruments in which the fund invests may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
