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

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $48.48, but opened at $50.23. ProShares Ultra Silver shares last traded at $50.66, with a volume of 165,017 shares.

ProShares Ultra Silver Price Performance

The company’s 50-day moving average is $41.95 and its 200-day moving average is $40.47.

Institutional Trading of ProShares Ultra Silver

Large investors have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in ProShares Ultra Silver during the fourth quarter worth about $39,000. SouthState Corp bought a new stake in shares of ProShares Ultra Silver during the first quarter valued at approximately $115,000. Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Silver during the first quarter valued at approximately $178,000. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Silver during the first quarter valued at approximately $219,000. Finally, Csenge Advisory Group bought a new stake in shares of ProShares Ultra Silver during the first quarter valued at approximately $237,000.

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.