ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $43.77, but opened at $46.39. ProShares Ultra Silver shares last traded at $46.72, with a volume of 1,072,035 shares trading hands.

ProShares Ultra Silver Stock Up 6.4%

The firm has a 50 day moving average price of $70.91 and a two-hundred day moving average price of $111.52.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL lifted its stake in shares of ProShares Ultra Silver by 223.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 426 shares during the period. EverSource Wealth Advisors LLC boosted its stake in ProShares Ultra Silver by 15.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,816 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 900 shares during the period. Compass Wealth Management LLC acquired a new stake in ProShares Ultra Silver during the 3rd quarter worth about $68,000. Bullseye Investment Management LLC acquired a new position in shares of ProShares Ultra Silver in the second quarter worth $69,000. Finally, Pilgrim Partners Asia Pte Ltd increased its stake in shares of ProShares Ultra Silver by 20.0% during the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 6,600 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 1,100 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.