ProShares Ultra Silver (NYSEARCA:AGQ) Sets New 1-Year High – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price hit a new 52-week high on Monday . The company traded as high as $368.19 and last traded at $371.9020, with a volume of 2619242 shares. The stock had previously closed at $319.85.

ProShares Ultra Silver Price Performance

The company’s fifty day moving average price is $160.05 and its 200 day moving average price is $99.31.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth approximately $31,000. Spire Wealth Management acquired a new stake in ProShares Ultra Silver in the fourth quarter worth $50,000. Farther Finance Advisors LLC bought a new stake in ProShares Ultra Silver in the third quarter valued at $35,000. Blue Trust Inc. boosted its holdings in shares of ProShares Ultra Silver by 86.7% during the fourth quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 228 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of ProShares Ultra Silver during the second quarter worth about $56,000.

ProShares Ultra Silver Company Profile

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.