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

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) gapped up before the market opened 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 Price Performance

The business has a 50-day moving average price of $41.10 and a 200 day moving average price of $40.12.

Hedge Funds Weigh In On ProShares Ultra Silver

Large investors have recently modified their holdings of the stock. HM Payson & Co. purchased a new stake in ProShares Ultra Silver during the 4th quarter valued at $39,000. JPMorgan Chase & Co. bought a new position in shares of ProShares Ultra Silver during the third quarter valued at $110,000. Seaview Investment Managers LLC bought a new stake in ProShares Ultra Silver in the 4th quarter worth about $269,000. HighTower Advisors LLC purchased a new position in ProShares Ultra Silver in the 3rd quarter worth about $292,000. Finally, Fiduciary Family Office LLC bought a new position in ProShares Ultra Silver during the 4th quarter valued at about $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.