ProShares Ultra Silver (NYSEARCA:AGQ) Trading Up 4.6% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded up 4.6% on Friday . The company traded as high as $152.88 and last traded at $152.74. 1,441,976 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 9,750,336 shares. The stock had previously closed at $145.96.

ProShares Ultra Silver Stock Performance

The stock’s fifty day moving average is $198.24 and its 200-day moving average is $125.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new stake in shares of ProShares Ultra Silver in the fourth quarter worth about $31,000. IFP Advisors Inc bought a new stake in ProShares Ultra Silver during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Silver during the 3rd quarter worth approximately $35,000. Spire Wealth Management bought a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $50,000. Finally, Steward Partners Investment Advisory LLC bought a new position in ProShares Ultra Silver in 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.