ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $47.25, but opened at $48.99. ProShares Ultra Silver shares last traded at $48.63, with a volume of 980,630 shares traded.

ProShares Ultra Silver Stock Up 4.9 %

The stock’s fifty day simple moving average is $38.59 and its 200 day simple moving average is $37.99.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in ProShares Ultra Silver in the first quarter valued at approximately $3,995,000. Keynote Financial Services LLC purchased a new stake in shares of ProShares Ultra Silver during the 1st quarter worth approximately $817,000. Insigneo Advisory Services LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at $918,000. Advisory Alpha LLC purchased a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at $495,000. Finally, New Harbor Financial Group LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter worth $321,000.

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.