ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $42.48, but opened at $44.91. ProShares Ultra Silver shares last traded at $43.19, with a volume of 954,491 shares traded.
ProShares Ultra Silver Price Performance
The company’s 50 day simple moving average is $38.19 and its 200-day simple moving average is $38.69.
Hedge Funds Weigh In On ProShares Ultra Silver
Several hedge funds have recently bought and sold shares of AGQ. HM Payson & Co. bought a new position in ProShares Ultra Silver in the fourth quarter worth approximately $39,000. International Assets Investment Management LLC lifted its holdings in shares of ProShares Ultra Silver by 3,943.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 1,262 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra Silver during the 3rd quarter worth $61,000. JPMorgan Chase & Co. purchased a new position in shares of ProShares Ultra Silver during the third quarter valued at $110,000. Finally, Hollencrest Capital Management increased its stake in shares of ProShares Ultra Silver by 8.5% during the third quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock valued at $204,000 after buying an additional 395 shares during the period.
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.
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