ProShares Ultra Silver (NYSEARCA:AGQ) Reaches New 52-Week High – Still a Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $146.42 and last traded at $144.29, with a volume of 4792800 shares. The stock had previously closed at $132.33.

ProShares Ultra Silver Trading Up 6.2%

The business has a 50-day moving average price of $97.42 and a 200 day moving average price of $70.70.

Institutional Trading of ProShares Ultra Silver

A number of large investors have recently made changes to their positions in AGQ. Farther Finance Advisors LLC bought a new position in shares of ProShares Ultra Silver in the 3rd quarter valued at about $35,000. Steward Partners Investment Advisory LLC purchased a new stake in ProShares Ultra Silver during the second quarter valued at approximately $56,000. Group One Trading LLC bought a new stake in shares of ProShares Ultra Silver in the 2nd quarter valued at approximately $145,000. Osaic Holdings Inc. boosted its holdings in shares of ProShares Ultra Silver by 8.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 345 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of ProShares Ultra Silver during the 1st quarter valued at approximately $219,000.

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. 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.