ProShares Ultra Silver (NYSEARCA:AGQ) Sets New 12-Month High – Should You Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $274.71 and last traded at $273.0530, with a volume of 2361206 shares trading hands. The stock had previously closed at $243.16.

ProShares Ultra Silver Stock Up 10.5%

The firm has a fifty day simple moving average of $144.72 and a two-hundred day simple moving average of $92.73.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors have recently bought and sold shares of AGQ. Spire Wealth Management purchased a new position in shares of ProShares Ultra Silver in the fourth quarter worth $50,000. Farther Finance Advisors LLC purchased a new position in ProShares Ultra Silver in the 3rd quarter worth $35,000. Blue Trust Inc. raised its stake in ProShares Ultra Silver by 86.7% in the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 228 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter worth about $56,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in ProShares Ultra Silver during the 4th quarter valued at about $376,000.

About ProShares Ultra Silver

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. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.