Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.67 and traded as high as $34.47. ProShares Ultra Silver shares last traded at $33.79, with a volume of 883,531 shares trading hands.
ProShares Ultra Silver Stock Down 0.4 %
The business’s fifty day moving average is $30.38 and its two-hundred day moving average is $27.67.
Institutional Trading of ProShares Ultra Silver
Several hedge funds have recently modified their holdings of AGQ. Tower Research Capital LLC TRC raised its holdings in ProShares Ultra Silver by 341.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 1,778 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of ProShares Ultra Silver in the 3rd quarter valued at approximately $226,000. Dubuque Bank & Trust Co purchased a new stake in shares of ProShares Ultra Silver in the 3rd quarter valued at approximately $259,000. HTLF Bank purchased a new stake in shares of ProShares Ultra Silver during the 4th quarter worth $367,000. Finally, Simplex Trading LLC grew its stake in shares of ProShares Ultra Silver by 121.3% during the first quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $1,434,000 after purchasing an additional 27,352 shares in 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.
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