ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $103.83, but opened at $111.51. ProShares Ultra Silver shares last traded at $113.41, with a volume of 1,042,990 shares changing hands.

ProShares Ultra Silver Stock Up 11.5%

The business’s 50-day moving average is $172.73 and its two-hundred day moving average is $134.63.

Institutional Trading of ProShares Ultra Silver

Several institutional investors and hedge funds have recently made changes to their positions in AGQ. Signaturefd LLC purchased a new position in ProShares Ultra Silver during the 4th quarter worth approximately $31,000. IFP Advisors Inc purchased a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $31,000. Spire Wealth Management acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at approximately $50,000. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra Silver during the third quarter worth approximately $35,000. Finally, Caitlin John LLC purchased a new position in shares of ProShares Ultra Silver during the fourth quarter worth approximately $76,000.

About ProShares Ultra Silver

(Get Free Report)

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.

Further Reading

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