ProShares Ultra Silver (NYSEARCA:AGQ) Shares Up 19.6% – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ) shares rose 19.6% during mid-day trading on Tuesday . The company traded as high as $178.77 and last traded at $177.50. Approximately 4,500,873 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 11,616,934 shares. The stock had previously closed at $148.40.

ProShares Ultra Silver Trading Up 8.8%

The business has a fifty day moving average price of $186.34 and a two-hundred day moving average price of $109.98.

Institutional Trading of ProShares Ultra Silver

A number of hedge funds have recently made changes to their positions in the stock. Vantage Financial Partners LLC purchased a new position in ProShares Ultra Silver during the fourth quarter valued at approximately $521,000. UBS Group AG acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at $9,454,000. Hoey Investments Inc. acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at $163,000. Global Wealth Management LLC purchased a new position in shares of ProShares Ultra Silver during the 4th quarter valued at $266,000. Finally, Columbia Advisory Partners LLC acquired a new position in shares of ProShares Ultra Silver in the fourth quarter worth $245,000.

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.