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

ProShares Ultra Silver (NYSEARCA:AGQGet Free Report) 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 changing hands.

ProShares Ultra Silver Price Performance

The firm’s 50-day moving average price is $39.82 and its 200 day moving average price is $39.59.

Institutional Trading of ProShares Ultra Silver

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HM Payson & Co. purchased a new stake in ProShares Ultra Silver in the 4th quarter worth approximately $39,000. JPMorgan Chase & Co. purchased a new stake in shares of ProShares Ultra Silver in the third quarter valued at $110,000. Seaview Investment Managers LLC acquired a new position in ProShares Ultra Silver in the fourth quarter valued at $269,000. HighTower Advisors LLC acquired a new stake in ProShares Ultra Silver in the 3rd quarter worth about $292,000. Finally, Fiduciary Family Office LLC purchased a new stake in ProShares Ultra Silver in the 4th quarter valued at about $324,000.

About ProShares Ultra Silver

(Get Free Report)

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.

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