ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 4% – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ) were up 4% during mid-day trading on Tuesday . The stock traded as high as $160.07 and last traded at $159.7190. Approximately 2,209,174 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 2,350,104 shares. The stock had previously closed at $153.64.

ProShares Ultra Silver Stock Performance

The stock has a 50-day simple moving average of $98.73 and a 200 day simple moving average of $71.83.

Institutional Trading of ProShares Ultra Silver

A number of hedge funds have recently bought and sold shares of the business. 180 Wealth Advisors LLC increased its holdings in shares of ProShares Ultra Silver by 4.9% during the 3rd quarter. 180 Wealth Advisors LLC now owns 5,908 shares of the exchange traded fund’s stock worth $450,000 after buying an additional 278 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of ProShares Ultra Silver by 8.9% in the second quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock valued at $200,000 after purchasing an additional 345 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in ProShares Ultra Silver in the 3rd quarter valued at approximately $35,000. Hollencrest Capital Management grew its stake in ProShares Ultra Silver by 12.4% during the 3rd quarter. Hollencrest Capital Management now owns 5,912 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 650 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Ultra Silver during the second quarter worth about $56,000.

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.