Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $36.37, but opened at $37.64. ProShares Ultra Silver shares last traded at $37.49, with a volume of 339,502 shares trading hands.
ProShares Ultra Silver Trading Up 2.2 %
The company has a 50 day moving average of $38.63 and a 200-day moving average of $38.51.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in shares of ProShares Ultra Silver by 3,943.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,262 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Silver during the 3rd quarter worth $61,000. Beaird Harris Wealth Management LLC purchased a new position in ProShares Ultra Silver during the 2nd quarter worth $62,000. JPMorgan Chase & Co. purchased a new position in shares of ProShares Ultra Silver during the third quarter worth about $110,000. Finally, Hollencrest Capital Management raised its stake in shares of ProShares Ultra Silver by 8.5% during the third quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock worth $204,000 after purchasing an additional 395 shares during the last quarter.
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.
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