ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) shares shot up 6.8% during trading on Thursday . The company traded as high as $89.42 and last traded at $88.75. 2,111,677 shares were traded during mid-day trading, a decline of 58% from the average session volume of 5,077,247 shares. The stock had previously closed at $83.13.
ProShares Ultra Silver Price Performance
The firm has a 50 day moving average of $72.69 and a two-hundred day moving average of $108.77.
Institutional Investors Weigh In On ProShares Ultra Silver
Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in shares of ProShares Ultra Silver by 3.7% in the fourth quarter. LPL Financial LLC now owns 3,633 shares of the exchange traded fund’s stock worth $564,000 after acquiring an additional 128 shares during the last quarter. Hollencrest Capital Management raised its position in shares of ProShares Ultra Silver by 2.3% in the 4th quarter. Hollencrest Capital Management now owns 6,049 shares of the exchange traded fund’s stock worth $938,000 after purchasing an additional 137 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of ProShares Ultra Silver in the 4th quarter worth about $31,000. Osaic Holdings Inc. boosted its stake in ProShares Ultra Silver by 8.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 345 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in ProShares Ultra Silver by 9.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,315 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 365 shares in 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.
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