ProShares Ultra Silver (NYSEARCA:AGQ) Sees Large Volume Increase – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ) shares saw unusually-strong trading volume on Friday . Approximately 1,541,437 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 2,366,983 shares.The stock last traded at $182.46 and had previously closed at $167.68.

ProShares Ultra Silver Price Performance

The company’s 50 day moving average is $103.17 and its two-hundred day moving average is $73.98.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in ProShares Ultra Silver during the 3rd quarter valued at about $35,000. Steward Partners Investment Advisory LLC bought a new position in shares of ProShares Ultra Silver in the second quarter valued at approximately $56,000. Group One Trading LLC bought a new position in shares of ProShares Ultra Silver in the second quarter valued at approximately $145,000. Compass Wealth Management LLC bought a new stake in ProShares Ultra Silver during the 3rd quarter worth approximately $257,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in ProShares Ultra Silver during the 3rd quarter valued at $301,000.

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. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.