ProShares Ultra Silver (NYSEARCA:AGQ) Sees Large Volume Increase – Should You Buy?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) saw strong trading volume on Friday . 959,671 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 1,186,667 shares.The stock last traded at $39.13 and had previously closed at $37.15.

ProShares Ultra Silver Price Performance

The company’s 50-day moving average is $37.98 and its two-hundred day moving average is $38.50.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management lifted its stake in ProShares Ultra Silver by 8.5% during the 3rd quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock valued at $204,000 after acquiring an additional 395 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of ProShares Ultra Silver by 3,943.8% during the third quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,262 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra Silver during the third quarter worth about $61,000. Beaird Harris Wealth Management LLC bought a new stake in ProShares Ultra Silver in the 2nd quarter worth about $62,000. Finally, JPMorgan Chase & Co. bought a new position in shares of ProShares Ultra Silver during the 3rd quarter worth approximately $110,000.

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.