ProShares Ultra Silver Sees Unusually High Options Volume (NYSEARCA:AGQ)

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 9,341 call options on the stock. This represents an increase of 30% compared to the average volume of 7,182 call options.

ProShares Ultra Silver Stock Up 0.8%

NYSEARCA AGQ traded up $1.25 during trading on Wednesday, reaching $167.23. 3,346,726 shares of the company traded hands, compared to its average volume of 2,367,760. ProShares Ultra Silver has a 1-year low of $31.88 and a 1-year high of $169.02. The stock’s 50 day moving average price is $100.31 and its two-hundred day moving average price is $72.66.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Silver during the first quarter worth $219,000. EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Silver during the 2nd quarter worth about $1,019,000. Savior LLC increased its position in ProShares Ultra Silver by 7.6% in the 2nd quarter. Savior LLC now owns 27,470 shares of the exchange traded fund’s stock valued at $1,305,000 after acquiring an additional 1,947 shares in the last quarter. Simplex Trading LLC raised its stake in shares of ProShares Ultra Silver by 2,095.5% in the second quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after acquiring an additional 40,464 shares during the last quarter. Finally, Everstar Asset Management LLC acquired a new stake in shares of ProShares Ultra Silver in the first quarter valued at approximately $866,000.

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.