ProShares Ultra Silver (NYSEARCA:AGQ) Shares Cross Above Two Hundred Day Moving Average of $32.98

ProShares Ultra Silver (NYSEARCA:AGQ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.98 and traded as high as $33.69. ProShares Ultra Silver shares last traded at $33.54, with a volume of 1,294,870 shares.

ProShares Ultra Silver Trading Up 0.6 %

The stock’s fifty day moving average price is $39.84 and its 200 day moving average price is $33.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in ProShares Ultra Silver during the first quarter valued at approximately $3,995,000. Keynote Financial Services LLC bought a new position in shares of ProShares Ultra Silver during the 1st quarter valued at approximately $817,000. IMC Chicago LLC purchased a new stake in ProShares Ultra Silver in the 4th quarter worth approximately $762,000. Simplex Trading LLC raised its stake in ProShares Ultra Silver by 121.3% during the 1st quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $1,434,000 after acquiring an additional 27,352 shares during the period. Finally, HTLF Bank purchased a new position in ProShares Ultra Silver during the fourth quarter valued at approximately $367,000.

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.