ProShares Ultra Silver (NYSEARCA:AGQ) Trading Up 8.7% – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price traded up 8.7% during trading on Friday . The stock traded as high as $170.81 and last traded at $168.5410. 1,079,751 shares were traded during trading, a decline of 57% from the average session volume of 2,494,028 shares. The stock had previously closed at $155.12.

ProShares Ultra Silver Stock Performance

The business’s 50-day moving average price is $112.00 and its two-hundred day moving average price is $78.24.

Institutional Trading of ProShares Ultra Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC raised its stake in ProShares Ultra Silver by 1,826.8% during the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after buying an additional 55,664 shares in the last quarter. Simplex Trading LLC increased its holdings in shares of ProShares Ultra Silver by 2,095.5% in the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock valued at $2,013,000 after acquiring an additional 40,464 shares during the last quarter. Savior LLC raised its position in shares of ProShares Ultra Silver by 5.2% during the 3rd quarter. Savior LLC now owns 28,889 shares of the exchange traded fund’s stock valued at $2,202,000 after acquiring an additional 1,419 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of ProShares Ultra Silver during the 3rd quarter valued at approximately $2,020,000. Finally, EverSource Wealth Advisors LLC bought a new position in ProShares Ultra Silver during the second quarter worth $1,019,000.

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. 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.