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

ProShares Ultra Silver (NYSEARCA:AGQ) gapped up prior to trading on Wednesday . The stock had previously closed at $102.94, but opened at $112.86. ProShares Ultra Silver shares last traded at $112.65, with a volume of 1,677,251 shares.

ProShares Ultra Silver Trading Up 8.5%

The stock has a 50 day moving average price of $184.69 and a two-hundred day moving average price of $133.44.

Institutional Trading of ProShares Ultra Silver

Several large investors have recently bought and sold shares of the stock. Group One Trading LLC grew its position in ProShares Ultra Silver by 53.3% during the 4th quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock worth $13,965,000 after purchasing an additional 31,313 shares during the last quarter. UBS Group AG purchased a new position in shares of ProShares Ultra Silver in the fourth quarter worth $9,454,000. Jump Financial LLC lifted its stake in shares of ProShares Ultra Silver by 678.8% during the fourth 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 period. Savior LLC grew its holdings in shares of ProShares Ultra Silver by 5.2% during the third quarter. Savior LLC now owns 28,889 shares of the exchange traded fund’s stock valued at $2,202,000 after buying an additional 1,419 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of ProShares Ultra Silver during the third quarter valued at $2,020,000.

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.