ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $148.58, but opened at $163.07. ProShares Ultra Silver shares last traded at $156.9210, with a volume of 3,394,164 shares trading hands.
ProShares Ultra Silver Trading Up 5.9%
The company has a fifty day moving average of $193.56 and a two-hundred day moving average of $114.47.
Institutional Investors Weigh In On ProShares Ultra Silver
Institutional investors have recently made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of ProShares Ultra Silver during the 4th quarter worth about $31,000. IFP Advisors Inc bought a new stake in ProShares Ultra Silver in the fourth quarter worth about $31,000. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra Silver during the third quarter valued at approximately $35,000. Spire Wealth Management bought a new position in shares of ProShares Ultra Silver during the fourth quarter valued at approximately $50,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of ProShares Ultra Silver in the second quarter worth approximately $56,000.
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. 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.
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