ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ) gapped up before the market opened on Wednesday . The stock had previously closed at $148.58, but opened at $163.07. ProShares Ultra Silver shares last traded at $156.9210, with a volume of 3,394,164 shares.

ProShares Ultra Silver Stock Up 7.8%

The stock has a fifty day moving average price of $192.25 and a 200-day moving average price of $114.06.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC purchased a new position in ProShares Ultra Silver during the 4th quarter valued at about $31,000. IFP Advisors Inc purchased a new stake in shares of ProShares Ultra Silver in the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC acquired a new stake in shares of ProShares Ultra Silver during the third quarter worth approximately $35,000. Spire Wealth Management purchased a new position in ProShares Ultra Silver during the fourth quarter valued at approximately $50,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in ProShares Ultra Silver during the second quarter valued at approximately $56,000.

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.