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

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $37.38, but opened at $38.70. ProShares Ultra Silver shares last traded at $39.25, with a volume of 938,275 shares traded.

ProShares Ultra Silver Stock Performance

The business’s 50-day moving average is $37.47 and its 200-day moving average is $38.31.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd bought a new stake in shares of ProShares Ultra Silver during the third quarter valued at approximately $2,566,000. Advisory Alpha LLC increased its holdings in shares of ProShares Ultra Silver by 1.9% in the 4th 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 in the last quarter. Fiduciary Family Office LLC purchased a new position in shares of ProShares Ultra Silver in the fourth quarter worth $324,000. Flow Traders U.S. LLC bought a new position in shares of ProShares Ultra Silver during the third quarter valued at $359,000. Finally, HighTower Advisors LLC purchased a new stake in shares of ProShares Ultra Silver during the third quarter valued at $292,000.

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.