ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $67.53, but opened at $73.34. ProShares Ultra Silver shares last traded at $73.53, with a volume of 1,076,607 shares.
ProShares Ultra Silver Stock Up 7.6%
The business’s 50 day moving average is $76.48 and its 200-day moving average is $124.74.
Institutional Trading of ProShares Ultra Silver
A number of hedge funds have recently modified their holdings of the company. UBS Group AG acquired a new stake in ProShares Ultra Silver during the 4th quarter valued at $9,454,000. Jump Financial LLC boosted its stake in shares of ProShares Ultra Silver by 678.8% in the 4th 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 during the last quarter. Group One Trading LLC lifted its holdings in ProShares Ultra Silver by 53.3% in the fourth 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 period. HRT Financial LP bought a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $2,777,000. Finally, Quadrature Capital Ltd bought a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $2,713,000.
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.
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