ProShares Ultra Silver (NYSEARCA:AGQ) Shares Up 6% – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded up 6% during mid-day trading on Wednesday . The stock traded as high as $71.12 and last traded at $70.03. 1,119,254 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 5,512,705 shares. The stock had previously closed at $66.09.

ProShares Ultra Silver Stock Down 7.1%

The business has a fifty day moving average of $86.33 and a 200 day moving average of $135.36.

Hedge Funds Weigh In On ProShares Ultra Silver

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC acquired a new stake in shares of ProShares Ultra Silver in the 4th quarter valued at approximately $31,000. IFP Advisors Inc acquired a new stake in ProShares Ultra Silver in the fourth quarter worth $31,000. Strategic Investment Solutions Inc. IL boosted its position in shares of 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 purchasing an additional 426 shares in the last quarter. Spire Wealth Management acquired a new position in shares of ProShares Ultra Silver in the 4th quarter valued at $50,000. Finally, Blue Trust Inc. increased its position in shares of ProShares Ultra Silver by 86.7% in the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 228 shares in the last quarter.

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.