ProShares Ultra Silver (NYSEARCA:AGQ) Sets New 52-Week High – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $224.18 and last traded at $223.7340, with a volume of 1785281 shares traded. The stock had previously closed at $195.89.

ProShares Ultra Silver Price Performance

The stock’s 50 day moving average is $130.94 and its two-hundred day moving average is $86.97.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of hedge funds have recently modified their holdings of the stock. Savior LLC lifted its position in shares of ProShares Ultra Silver by 7.6% during the 2nd quarter. Savior LLC now owns 27,470 shares of the exchange traded fund’s stock worth $1,305,000 after buying an additional 1,947 shares during the period. SLT Holdings LLC acquired a new position in ProShares Ultra Silver during the second quarter worth $237,000. Simplex Trading LLC raised its stake in ProShares Ultra Silver by 2,095.5% during the second quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after acquiring an additional 40,464 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of ProShares Ultra Silver during the second quarter valued at $237,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of ProShares Ultra Silver in the 2nd quarter valued at $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.