ProShares Ultra Silver (NYSEARCA:AGQ) Sees Unusually-High Trading Volume – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ) saw unusually-strong trading volume on Friday . Approximately 4,247,024 shares changed hands during trading, an increase of 97% from the previous session’s volume of 2,152,862 shares.The stock last traded at $88.49 and had previously closed at $97.42.

ProShares Ultra Silver Stock Performance

The firm has a fifty day simple moving average of $66.16 and a two-hundred day simple moving average of $52.29.

Hedge Funds Weigh In On ProShares Ultra Silver

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in ProShares Ultra Silver during the 3rd quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares Ultra Silver during the 2nd quarter valued at approximately $56,000. SouthState Corp purchased a new position in ProShares Ultra Silver during the 1st quarter valued at approximately $115,000. Group One Trading LLC bought a new stake in shares of ProShares Ultra Silver in the 2nd quarter valued at approximately $145,000. Finally, Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Silver in the 1st quarter valued at approximately $178,000.

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.