ProShares Ultra Silver (NYSEARCA:AGQ) Hits New 1-Year High – Time to Buy?

Posted by Alanna Baker on Oct 23rd, 2024

Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $48.00 and last traded at $48.00, with a volume of 237590 shares traded. The stock had previously closed at $46.69.

ProShares Ultra Silver Stock Performance

The company has a 50 day moving average price of $38.92 and a 200-day moving average price of $38.10.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGQ. International Assets Investment Management LLC grew its stake in ProShares Ultra Silver by 3,943.8% in the third quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,262 shares during the period. Beaird Harris Wealth Management LLC bought a new stake in shares of ProShares Ultra Silver during the 2nd quarter valued at $62,000. New Harbor Financial Group LLC purchased a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth about $321,000. Advisory Alpha LLC bought a new position in shares of ProShares Ultra Silver in the 2nd quarter worth about $495,000. Finally, Keynote Financial Services LLC bought a new position in shares of ProShares Ultra Silver in the 1st quarter worth about $817,000.

About ProShares Ultra Silver

(Get Free Report)

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.