ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $42.48, but opened at $44.91. ProShares Ultra Silver shares last traded at $43.19, with a volume of 954,491 shares changing hands.

ProShares Ultra Silver Trading Down 0.7 %

The business has a 50-day moving average price of $38.14 and a two-hundred day moving average price of $38.61.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors have recently modified their holdings of AGQ. Seaview Investment Managers LLC acquired a new position in ProShares Ultra Silver in the 4th quarter worth about $269,000. Simplex Trading LLC increased its stake in shares of ProShares Ultra Silver by 206.0% in the fourth quarter. Simplex Trading LLC now owns 28,155 shares of the exchange traded fund’s stock valued at $947,000 after buying an additional 18,954 shares during the period. HM Payson & Co. acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at about $39,000. Fiduciary Family Office LLC acquired a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at about $324,000. Finally, Advisory Alpha LLC grew its stake in ProShares Ultra Silver by 1.9% during the fourth quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock worth $609,000 after purchasing an additional 341 shares during the period.

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.