ProShares Ultra Silver (NYSEARCA:AGQ) Trading 4.6% Higher – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ) shares traded up 4.6% on Friday . The company traded as high as $152.88 and last traded at $152.74. 1,441,976 shares were traded during trading, a decline of 85% from the average session volume of 9,750,336 shares. The stock had previously closed at $145.96.

ProShares Ultra Silver Stock Up 4.5%

The company’s fifty day simple moving average is $197.30 and its 200-day simple moving average is $126.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new stake in ProShares Ultra Silver in the 4th quarter valued at $31,000. IFP Advisors Inc acquired a new position in shares of ProShares Ultra Silver during the 4th quarter worth about $31,000. Farther Finance Advisors LLC acquired a new position in shares of ProShares Ultra Silver during the 3rd quarter worth about $35,000. Spire Wealth Management bought a new position in shares of ProShares Ultra Silver in the 4th quarter valued at about $50,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of ProShares Ultra Silver in the second quarter valued at about $56,000.

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. 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.