ProShares Ultra Silver (NYSEARCA:AGQ) Shares Up 6.9% – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ) shares were up 6.9% on Friday . The stock traded as high as $149.65 and last traded at $146.4250. Approximately 1,752,558 shares were traded during trading, a decline of 84% from the average daily volume of 10,651,879 shares. The stock had previously closed at $136.92.

ProShares Ultra Silver Price Performance

The business’s 50-day simple moving average is $195.19 and its 200-day simple moving average is $118.50.

Institutional Investors Weigh In On ProShares Ultra Silver

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth approximately $9,454,000. Group One Trading LLC boosted its holdings in ProShares Ultra Silver by 1,826.8% in the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after acquiring an additional 55,664 shares in the last quarter. Jump Financial LLC increased its position in ProShares Ultra Silver by 678.8% during the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after purchasing an additional 46,030 shares during the period. Simplex Trading LLC raised its holdings in ProShares Ultra Silver by 2,095.5% in the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after purchasing an additional 40,464 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of ProShares Ultra Silver in the 3rd quarter worth about $2,020,000.

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.