ProShares Ultra Silver (NYSEARCA:AGQ) Reaches New 12-Month High – Time to Buy?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) hit a new 52-week high on Monday . The company traded as high as $224.18 and last traded at $223.7340, with a volume of 1785281 shares traded. The stock had previously closed at $195.89.

ProShares Ultra Silver Stock Performance

The business has a fifty day moving average of $124.95 and a 200 day moving average of $84.46.

Institutional Trading of ProShares Ultra Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of ProShares Ultra Silver in the 4th quarter worth approximately $376,000. Mercer Global Advisors Inc. ADV purchased a new position in ProShares Ultra Silver during the 3rd quarter valued at about $301,000. Flow Traders U.S. LLC purchased a new stake in ProShares Ultra Silver in the third quarter worth about $665,000. Advisory Alpha LLC lifted its holdings in shares of ProShares Ultra Silver by 10.1% during the third quarter. Advisory Alpha LLC now owns 21,168 shares of the exchange traded fund’s stock valued at $1,608,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Group One Trading LLC grew its stake in shares of ProShares Ultra Silver by 1,826.8% in the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock worth $4,476,000 after buying an additional 55,664 shares during the last quarter.

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.