ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $80.60, but opened at $85.50. ProShares Ultra Silver shares last traded at $84.73, with a volume of 773,540 shares traded.
ProShares Ultra Silver Price Performance
The business’s 50 day simple moving average is $74.00 and its 200 day simple moving average is $103.49.
Institutional Investors Weigh In On ProShares Ultra Silver
Several hedge funds have recently bought and sold shares of AGQ. IFP Advisors Inc acquired a new stake in ProShares Ultra Silver in the 4th quarter valued at about $31,000. Strategic Investment Solutions Inc. IL increased its position in ProShares Ultra Silver by 223.0% during the second 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. Caitlin John LLC bought a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $76,000. UMB Bank n.a. bought a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $132,000. Finally, Group One Trading LLC bought a new stake in ProShares Ultra Silver in the second quarter valued at approximately $145,000.
About ProShares Ultra Silver
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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