ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $90.68, but opened at $99.54. ProShares Ultra Silver shares last traded at $99.23, with a volume of 731,385 shares traded.
ProShares Ultra Silver Price Performance
The firm has a 50-day simple moving average of $116.60 and a 200 day simple moving average of $148.58.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in AGQ. Signaturefd LLC bought a new stake in ProShares Ultra Silver during the 4th quarter worth approximately $31,000. IFP Advisors Inc bought a new position in shares of ProShares Ultra Silver during the fourth quarter valued at $31,000. Spire Wealth Management acquired a new position in shares of ProShares Ultra Silver during the fourth quarter worth $50,000. Caitlin John LLC acquired a new position in shares of ProShares Ultra Silver during the fourth quarter worth $76,000. Finally, Blue Trust Inc. grew its stake in shares of ProShares Ultra Silver by 86.7% in the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 228 shares during the last quarter.
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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