Every 424B that ProShares Ultra Silver (AGQ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AGQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGQ filings page.
ProShares Trust offers continuously traded leveraged exchange-traded funds that seek daily 2x or -2x exposure to benchmarks, including ProShares Ultra Silver (AGQ) and related Oil and Precious Metals Funds, listed on NYSE Arca.
Shares trade in the secondary market; creations and redemptions occur only in Creation Units of 50,000 Shares. Each Fund seeks its daily target only for a single day and uses Financial Instruments (futures, swaps, forwards, options) rather than physical commodities. The prospectus highlights significant risks including daily leverage, compounding effects, potential for a complete loss in a single day, Schedule K-1 tax reporting, and geopolitical and market‑liquidity risks.
ProShares Trust registered continuous offerings of common units for three VIX futures-based series: ProShares VIX Short-Term Futures ETF (VIXY), ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares Short VIX Short-Term Futures ETF (SVXY). Each Fund’s Shares trade on Cboe BZX.
The Matching Fund seeks to track the S&P 500 VIX Short-Term Futures Index. The Ultra Fund targets 1.5x the Index’s daily performance and the Short Fund targets -0.5x the Index’s daily performance; both are daily rebalanced and intended for short-term use. The prospectus warns of significant risks including leverage, daily compounding effects, potential for total loss within a single day, and illiquidity. Creation Unit sizes are disclosed (50,000 Shares for Geared Funds; 25,000 Shares for the Matching Fund). The prospectus also states each Fund will issue a Schedule K-1 to shareholders and lists NAV and create/redeem timing conventions.
ProShares Trust offers continuous secondary-market common units of multiple series, including a VIX Mid‑Term Futures matching fund and several daily "geared" (2x or -2x) funds. Shares transact on NYSE Arca or Cboe BZX; creations/redemptions occur in Creation Units of 50,000 shares (25,000 for the VIX fund).
The Geared Funds target daily multiples only and use futures, swaps and other financial instruments; NAV calculation times vary by fund (typically between 1:25 p.m. and 4:00 p.m. ET). The prospectus emphasizes significant risks for geared funds, the VIX Futures Fund’s short‑term focus, Schedule K‑1 tax reporting, and that these series are not investment companies under the 1940 Act.
ProShares updated several prospectuses to permit each Fund to use an affiliated money market ETF as its primary cash management vehicle, effective immediately. The supplement states the affiliated Money Market ETF invests in U.S. Treasury securities with short maturities and is managed by an affiliate of the Sponsor.
The Sponsor will assume the affiliated ETF's management fees and expects an initial transition without brokerage fees; subsequent trading in the affiliated ETF may incur brokerage fees similar to current costs. The Funds' investment objectives and principal strategies will not change; several disclosures and risk-factor paragraphs were added addressing price fluctuations and potential conflicts of interest.
ProShare Capital Management approved the use of an affiliated money market ETF as the primary cash management vehicle for ProShares Ultra Bloomberg Crude Oil (UCO), ProShares UltraShort Bloomberg Crude Oil (SCO), ProShares Ultra Gold (UGL), and ProShares Ultra Silver (AGQ), effective February 18, 2026. The Sponsor will assume the management fees on investments in the affiliated Money Market ETF and expects an initial transition without brokerage fees. The Funds may still use other money market instruments and their investment objectives and principal strategies will not change. The prospectus and risk sections are updated to add disclosures about market risks, potential share-price fluctuation of the affiliated ETF, and conflicts of interest arising from the affiliation.
ProShare Capital Management approved using an affiliated money market ETF as the primary cash management vehicle for the listed Funds, effective immediately. The Sponsor will assume the affiliated ETF's management fees and expects no change to each Fund's investment objectives or principal strategies.
The supplement adds disclosure of new Money Market Instruments language, expands risk disclosures to note potential share‑price fluctuation and investor concentration in the affiliated ETF, and expressly warns of potential conflicts of interest despite the fee waiver. The change permits continued use of other money market instruments as appropriate.