ProShares Ultra Silver (NYSEARCA:AGQ) Trading 6% Higher – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price rose 6% during mid-day trading on Wednesday . The stock traded as high as $71.12 and last traded at $70.03. Approximately 1,119,254 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 5,512,705 shares. The stock had previously closed at $66.09.

ProShares Ultra Silver Trading Up 4.7%

The business’s 50-day moving average price is $89.68 and its two-hundred day moving average price is $136.67.

Institutional Investors Weigh In On ProShares Ultra Silver

Several large investors have recently made changes to their positions in AGQ. UBS Group AG bought a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at about $9,454,000. Jump Financial LLC grew its position in ProShares Ultra Silver by 678.8% in the fourth quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after purchasing an additional 46,030 shares in the last quarter. Group One Trading LLC increased its stake in ProShares Ultra Silver by 53.3% in the 4th quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock valued at $13,965,000 after buying an additional 31,313 shares during the last quarter. Genesis Financial Group LLC acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth about $3,258,000. Finally, HRT Financial LP bought a new position in shares of ProShares Ultra Silver in the 4th quarter valued at about $2,777,000.

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.