ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Pass Above 200 Day Moving Average of $32.98

ProShares Ultra Silver (NYSEARCA:AGQ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.98 and traded as high as $33.69. ProShares Ultra Silver shares last traded at $33.54, with a volume of 1,294,870 shares traded.

ProShares Ultra Silver Price Performance

The business has a 50-day simple moving average of $39.84 and a 200 day simple moving average of $33.03.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of ProShares Ultra Silver by 341.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 1,778 shares in the last quarter. HTLF Bank bought a new stake in ProShares Ultra Silver during the 4th quarter valued at $367,000. IMC Chicago LLC acquired a new position in ProShares Ultra Silver during the fourth quarter worth $762,000. Keynote Financial Services LLC bought a new position in shares of ProShares Ultra Silver in the first quarter valued at $817,000. Finally, Simplex Trading LLC grew its holdings in shares of ProShares Ultra Silver by 121.3% during the first quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock valued at $1,434,000 after buying an additional 27,352 shares during the last quarter.

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.