ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.95 and traded as high as $43.68. ProShares Ultra Silver shares last traded at $42.34, with a volume of 1,651,839 shares traded.
ProShares Ultra Silver Trading Down 2.7 %
The firm’s 50-day simple moving average is $38.43 and its 200 day simple moving average is $39.01.
Institutional Investors Weigh In On ProShares Ultra Silver
Several hedge funds have recently bought and sold shares of AGQ. HM Payson & Co. acquired a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $39,000. International Assets Investment Management LLC lifted its holdings in shares of ProShares Ultra Silver by 3,943.8% during the third quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,262 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of ProShares Ultra Silver during the third quarter worth $110,000. Hollencrest Capital Management raised its stake in 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 worth $204,000 after buying an additional 395 shares during the last quarter. Finally, Seaview Investment Managers LLC bought a new position in ProShares Ultra Silver during the fourth quarter worth $269,000.
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.
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