Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $37.34, but opened at $38.96. ProShares Ultra Silver shares last traded at $39.28, with a volume of 583,337 shares.
ProShares Ultra Silver Stock Up 6.4 %
The stock has a 50 day simple moving average of $41.46 and a 200-day simple moving average of $39.02.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in AGQ. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 1,262 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra Silver in the 3rd quarter valued at about $61,000. Beaird Harris Wealth Management LLC bought a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at about $62,000. Hollencrest Capital Management lifted its holdings in shares of ProShares Ultra Silver by 8.5% in the 3rd quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock valued at $204,000 after acquiring an additional 395 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of ProShares Ultra Silver in the 3rd quarter valued at about $292,000.
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.
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