ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 7.3% – What’s Next?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) shot up 7.3% during trading on Wednesday . The company traded as high as $141.07 and last traded at $141.96. 842,031 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 2,314,862 shares. The stock had previously closed at $132.33.

ProShares Ultra Silver Price Performance

The stock has a 50 day moving average of $96.05 and a 200 day moving average of $69.99.

Institutional Trading of ProShares Ultra Silver

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in ProShares Ultra Silver during the third quarter worth $35,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ProShares Ultra Silver during the 2nd quarter worth $56,000. Group One Trading LLC bought a new stake in shares of ProShares Ultra Silver during the 2nd quarter worth $145,000. Compass Wealth Management LLC acquired a new stake in ProShares Ultra Silver in the third quarter valued at about $257,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in ProShares Ultra Silver in the third quarter valued at about $301,000.

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.