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

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped up before the market opened on Wednesday . The stock had previously closed at $37.38, but opened at $38.70. ProShares Ultra Silver shares last traded at $39.25, with a volume of 938,275 shares trading hands.

ProShares Ultra Silver Stock Performance

The firm has a fifty day moving average price of $37.52 and a two-hundred day moving average price of $38.33.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of institutional investors and hedge funds have recently made changes to their positions in AGQ. Quadrature Capital Ltd bought a new position in ProShares Ultra Silver in the third quarter worth approximately $2,566,000. Fiduciary Family Office LLC bought a new position in ProShares Ultra Silver in the 4th quarter worth $324,000. Flow Traders U.S. LLC bought a new position in ProShares Ultra Silver in the 3rd quarter worth $359,000. HighTower Advisors LLC purchased a new stake in ProShares Ultra Silver in the 3rd quarter worth $292,000. Finally, JPMorgan Chase & Co. bought a new stake in ProShares Ultra Silver during the third quarter valued at about $110,000.

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.