ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $42.81, but opened at $44.54. ProShares Ultra Silver shares last traded at $44.81, with a volume of 595,925 shares changing hands.

ProShares Ultra Silver Trading Down 0.4 %

The business has a fifty day moving average price of $41.37 and a 200-day moving average price of $40.23.

Institutional Trading of ProShares Ultra Silver

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in ProShares Ultra Silver during the third quarter worth about $2,566,000. Simplex Trading LLC boosted its position in ProShares Ultra Silver by 206.0% in the fourth quarter. Simplex Trading LLC now owns 28,155 shares of the exchange traded fund’s stock valued at $947,000 after buying an additional 18,954 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of ProShares Ultra Silver by 1.9% during the 4th quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock valued at $609,000 after acquiring an additional 341 shares in the last quarter. Two Sigma Securities LLC boosted its stake in shares of ProShares Ultra Silver by 201.3% during the fourth quarter. Two Sigma Securities LLC now owns 16,931 shares of the exchange traded fund’s stock valued at $570,000 after purchasing an additional 11,312 shares in the last quarter. Finally, Fiduciary Family Office LLC acquired a new position in ProShares Ultra Silver in the 4th quarter valued at approximately $324,000.

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.