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

ProShares Ultra Silver (NYSEARCA:AGQ) gapped up prior to trading on Friday . The stock had previously closed at $90.52, but opened at $94.02. ProShares Ultra Silver shares last traded at $94.42, with a volume of 891,055 shares trading hands.

ProShares Ultra Silver Trading Down 0.1%

The business’s fifty day moving average is $72.46 and its 200 day moving average is $106.77.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc acquired a new position in ProShares Ultra Silver during the fourth quarter worth $31,000. Caitlin John LLC acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth $76,000. Strategic Investment Solutions Inc. IL raised its stake in shares of ProShares Ultra Silver by 223.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 426 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of ProShares Ultra Silver in the 4th quarter worth about $132,000. Finally, NewEdge Advisors LLC acquired a new stake in ProShares Ultra Silver in the 4th quarter valued at about $201,000.

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.