ProShares Ultra Silver (NYSEARCA:AGQ) Trading 8.9% Higher – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded up 8.9% during mid-day trading on Friday . The company traded as high as $122.21 and last traded at $122.01. 1,669,909 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 7,136,426 shares. The stock had previously closed at $112.09.

ProShares Ultra Silver Stock Performance

The company has a 50 day moving average of $131.53 and a two-hundred day moving average of $141.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in ProShares Ultra Silver by 3.7% during the 4th quarter. LPL Financial LLC now owns 3,633 shares of the exchange traded fund’s stock worth $564,000 after buying an additional 128 shares during the last quarter. Hollencrest Capital Management grew its stake in ProShares Ultra Silver by 2.3% during the 4th quarter. Hollencrest Capital Management now owns 6,049 shares of the exchange traded fund’s stock worth $938,000 after buying an additional 137 shares during the last quarter. Signaturefd LLC purchased a new position in ProShares Ultra Silver during the 4th quarter worth $31,000. IFP Advisors Inc purchased a new position in ProShares Ultra Silver during the 4th quarter worth $31,000. Finally, Blue Trust Inc. grew its stake in ProShares Ultra Silver by 86.7% during the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 228 shares during the last quarter.

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.