ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $119.29, but opened at $126.58. ProShares Ultra Silver shares last traded at $128.74, with a volume of 1,305,673 shares traded.

ProShares Ultra Silver Stock Performance

The company’s 50-day moving average is $136.72 and its 200 day moving average is $138.17.

Institutional Trading of ProShares Ultra Silver

Several institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its position in ProShares Ultra Silver by 3.7% during the 4th quarter. LPL Financial LLC now owns 3,633 shares of the exchange traded fund’s stock valued at $564,000 after purchasing an additional 128 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of ProShares Ultra Silver by 2.3% during the 4th quarter. Hollencrest Capital Management now owns 6,049 shares of the exchange traded fund’s stock valued at $938,000 after acquiring an additional 137 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at about $31,000. IFP Advisors Inc purchased a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at about $31,000. Finally, Blue Trust Inc. boosted its holdings in shares of ProShares Ultra Silver by 86.7% during the 4th 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 last quarter.

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.