ProShares Ultra Silver Target of Unusually Large Options Trading (NYSEARCA:AGQ)

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of some unusual options trading on Wednesday. Investors bought 9,341 call options on the company. This is an increase of approximately 30% compared to the average daily volume of 7,182 call options.

ProShares Ultra Silver Stock Up 1.0%

Shares of NYSEARCA:AGQ opened at $167.68 on Thursday. ProShares Ultra Silver has a 1 year low of $31.88 and a 1 year high of $169.02. The business’s 50 day moving average price is $101.76 and its 200-day moving average price is $73.32.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in ProShares Ultra Silver during the third quarter worth about $35,000. Steward Partners Investment Advisory LLC acquired a new stake in ProShares Ultra Silver in the 2nd quarter valued at about $56,000. Group One Trading LLC purchased a new position in ProShares Ultra Silver in the 2nd quarter worth approximately $145,000. Osaic Holdings Inc. boosted its holdings in shares of ProShares Ultra Silver by 8.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 345 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of ProShares Ultra Silver during the 1st quarter worth approximately $219,000.

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.