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

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $168.95, but opened at $180.77. ProShares Ultra Silver shares last traded at $180.0490, with a volume of 1,768,653 shares.

ProShares Ultra Silver Stock Up 8.5%

The company’s fifty day simple moving average is $196.74 and its 200 day simple moving average is $120.64.

Institutional Trading of ProShares Ultra Silver

Several institutional investors and hedge funds have recently modified their holdings of AGQ. Simplex Trading LLC grew 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 worth $2,013,000 after purchasing an additional 40,464 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in ProShares Ultra Silver during the second quarter valued at approximately $237,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares Ultra Silver in the 2nd quarter worth approximately $56,000. EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Silver in the 2nd quarter worth $1,019,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of ProShares Ultra Silver during the 2nd quarter valued at $492,000.

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.