ProShares Ultra Silver (NYSEARCA:AGQ) Hits New 1-Year High – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $48.00 and last traded at $48.00, with a volume of 237590 shares traded. The stock had previously closed at $46.69.

ProShares Ultra Silver Price Performance

The company has a 50-day moving average price of $38.92 and a two-hundred day moving average price of $38.10.

Institutional Investors Weigh In On ProShares Ultra Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Insigneo Advisory Services LLC purchased a new stake in shares of ProShares Ultra Silver in the second quarter worth $918,000. New Harbor Financial Group LLC bought a new stake in shares of ProShares Ultra Silver during the 2nd quarter valued at about $321,000. Keynote Financial Services LLC purchased a new position in shares of ProShares Ultra Silver during the first quarter worth about $817,000. Quadrature Capital Ltd bought a new position in shares of ProShares Ultra Silver in the first quarter worth approximately $3,995,000. Finally, Advisory Alpha LLC purchased a new stake in ProShares Ultra Silver in the second quarter valued at approximately $495,000.

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.