ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 10.5% – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price traded up 10.5% on Friday . The company traded as high as $192.29 and last traded at $192.5660. 3,019,625 shares were traded during trading, a decline of 70% from the average session volume of 10,008,951 shares. The stock had previously closed at $174.20.

ProShares Ultra Silver Price Performance

The business has a 50 day moving average price of $198.02 and a 200-day moving average price of $121.37.

Institutional Trading of ProShares Ultra Silver

Several large investors have recently modified their holdings of the stock. Compass Wealth Management LLC bought a new stake in ProShares Ultra Silver in the 3rd quarter valued at about $257,000. Clear Harbor Asset Management LLC acquired a new stake in ProShares Ultra Silver in the third quarter valued at approximately $2,020,000. Brookstone Capital Management acquired a new stake in ProShares Ultra Silver in the third quarter valued at approximately $518,000. Simplex Trading LLC increased its holdings in shares of ProShares Ultra Silver by 2,095.5% during the second quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock valued at $2,013,000 after acquiring an additional 40,464 shares in the last quarter. Finally, SLT Holdings LLC increased its holdings in shares of ProShares Ultra Silver by 115.0% during the third quarter. SLT Holdings LLC now owns 10,750 shares of the exchange traded fund’s stock valued at $820,000 after acquiring an additional 5,750 shares in 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. 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.