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

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) gapped up prior to trading on Tuesday . The stock had previously closed at $40.11, but opened at $41.56. ProShares Ultra Silver shares last traded at $41.90, with a volume of 729,768 shares.

ProShares Ultra Silver Stock Performance

The company’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $39.50.

Institutional Trading of ProShares Ultra Silver

Several hedge funds and other institutional investors have recently modified their holdings of AGQ. Quadrature Capital Ltd bought a new stake in shares of ProShares Ultra Silver during the third quarter worth $2,566,000. Simplex Trading LLC boosted its stake in shares of ProShares Ultra Silver by 206.0% in the 4th quarter. Simplex Trading LLC now owns 28,155 shares of the exchange traded fund’s stock valued at $947,000 after purchasing an additional 18,954 shares during the last quarter. Two Sigma Securities LLC boosted its stake in shares of ProShares Ultra Silver by 201.3% in the 4th 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 during the last quarter. Fiduciary Family Office LLC acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $324,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of ProShares Ultra Silver during the third quarter worth approximately $359,000.

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.