ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ) gapped up prior to trading on Monday . The stock had previously closed at $125.40, but opened at $132.65. ProShares Ultra Silver shares last traded at $130.8920, with a volume of 772,358 shares traded.

ProShares Ultra Silver Trading Up 4.5%

The company has a fifty day simple moving average of $91.48 and a two-hundred day simple moving average of $67.68.

Institutional Investors Weigh In On ProShares Ultra Silver

Large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV acquired a new position in ProShares Ultra Silver during the third quarter valued at approximately $301,000. Flow Traders U.S. LLC bought a new stake in shares of ProShares Ultra Silver during the 3rd quarter worth $665,000. Advisory Alpha LLC boosted its holdings in shares of ProShares Ultra Silver by 10.1% during the 3rd quarter. Advisory Alpha LLC now owns 21,168 shares of the exchange traded fund’s stock worth $1,608,000 after buying an additional 1,938 shares during the period. Group One Trading LLC grew its stake in ProShares Ultra Silver by 1,826.8% in the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after buying an additional 55,664 shares during the last quarter. Finally, Integrated Advisors Network LLC acquired a new position in ProShares Ultra Silver during the 3rd quarter worth $687,000.

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.