ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $162.64, but opened at $182.18. ProShares Ultra Silver shares last traded at $182.99, with a volume of 2,924,260 shares changing hands.
ProShares Ultra Silver Stock Up 11.4%
The firm’s 50-day simple moving average is $113.66 and its 200 day simple moving average is $79.45.
Institutional Trading of ProShares Ultra Silver
Large investors have recently added to or reduced their stakes in the business. Everstar Asset Management LLC acquired a new position in ProShares Ultra Silver during the 1st quarter worth $866,000. Faithward Advisors LLC acquired a new stake in ProShares Ultra Silver in the first quarter worth about $252,000. Advisory Alpha LLC grew its position in ProShares Ultra Silver by 8.4% in the 1st quarter. Advisory Alpha LLC now owns 19,611 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 1,520 shares in the last quarter. Savior LLC grew its position in ProShares Ultra Silver by 7.6% in the 2nd quarter. Savior LLC now owns 27,470 shares of the exchange traded fund’s stock valued at $1,305,000 after buying an additional 1,947 shares in the last quarter. Finally, SLT Holdings LLC acquired a new position in ProShares Ultra Silver during the 2nd quarter valued at about $237,000.
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.
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