ProShares Ultra Silver (NYSEARCA:AGQ)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.02 and traded as high as $33.62. ProShares Ultra Silver shares last traded at $31.70, with a volume of 38,151 shares trading hands.
The firm has a 50-day simple moving average of $31.24 and a 200 day simple moving average of $26.02.
An institutional investor recently raised its position in ProShares Ultra Silver stock. IMC Chicago LLC raised its position in ProShares Ultra Silver (NYSEARCA:AGQ) by 53.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,986 shares of the exchange traded fund’s stock after purchasing an additional 6,605 shares during the quarter. IMC Chicago LLC owned 0.26% of ProShares Ultra Silver worth $468,000 as of its most recent SEC filing.
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.
See Also: Fundamental Analysis
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