ProShares Ultra Silver (NYSEARCA:AGQ) Shares Up 7.9% – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price were up 7.9% during mid-day trading on Thursday . The company traded as high as $41.58 and last traded at $41.85. Approximately 1,241,475 shares traded hands during trading, a decline of 28% from the average daily volume of 1,719,802 shares. The stock had previously closed at $38.80.

ProShares Ultra Silver Trading Down 2.1 %

The firm has a fifty day moving average price of $37.54 and a 200 day moving average price of $38.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Fiduciary Family Office LLC acquired a new position in ProShares Ultra Silver in the 4th quarter valued at approximately $324,000. Advisory Alpha LLC raised its holdings in shares of ProShares Ultra Silver by 1.9% during the fourth quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock worth $609,000 after acquiring an additional 341 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Silver during the third quarter valued at $110,000. Quadrature Capital Ltd acquired a new stake in ProShares Ultra Silver during the third quarter valued at $2,566,000. Finally, HighTower Advisors LLC purchased a new position in ProShares Ultra Silver in the third quarter valued at about $292,000.

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.