ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $400.47, but opened at $429.42. ProShares Ultra Silver shares last traded at $371.2850, with a volume of 8,616,679 shares traded.

ProShares Ultra Silver Trading Down 6.7%

The firm has a fifty day moving average price of $177.33 and a two-hundred day moving average price of $105.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGQ. UBS Group AG purchased a new position in shares of ProShares Ultra Silver during the fourth quarter valued at approximately $9,454,000. Hoey Investments Inc. purchased a new position in shares of ProShares Ultra Silver in the fourth quarter worth $163,000. Global Wealth Management LLC bought a new position in shares of ProShares Ultra Silver during the fourth quarter worth $266,000. Columbia Advisory Partners LLC purchased a new position in ProShares Ultra Silver during the fourth quarter valued at $245,000. Finally, Signaturefd LLC bought a new stake in ProShares Ultra Silver in the 4th quarter valued at $31,000.

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. 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.