ProShares Ultra Silver (NYSEARCA:AGQ) Shares Up 6.8% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) shot up 6.8% during trading on Thursday . The stock traded as high as $89.42 and last traded at $88.75. Approximately 2,111,677 shares traded hands during trading, a decline of 58% from the average daily volume of 5,077,247 shares. The stock had previously closed at $83.13.

ProShares Ultra Silver Stock Up 5.4%

The business’s fifty day moving average is $72.72 and its 200-day moving average is $109.41.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS Group AG purchased a new position in ProShares Ultra Silver in the 4th quarter worth approximately $9,454,000. Jump Financial LLC increased its holdings in shares of ProShares Ultra Silver by 678.8% in the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock worth $8,192,000 after buying an additional 46,030 shares during the last quarter. Group One Trading LLC raised its position in ProShares Ultra Silver by 53.3% during the fourth quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock valued at $13,965,000 after purchasing an additional 31,313 shares during the period. HRT Financial LP purchased a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at $2,777,000. Finally, Quadrature Capital Ltd bought a new stake in ProShares Ultra Silver in the fourth quarter worth about $2,713,000.

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. 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.