ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $222.49, but opened at $239.55. ProShares Ultra Silver shares last traded at $237.90, with a volume of 3,404,976 shares trading hands.

ProShares Ultra Silver Stock Up 4.7%

The company’s fifty day moving average price is $127.83 and its two-hundred day moving average price is $85.68.

Institutional Trading of ProShares Ultra Silver

Several institutional investors and hedge funds have recently made changes to their positions in AGQ. 180 Wealth Advisors LLC lifted its stake in shares of ProShares Ultra Silver by 4.9% in the 3rd quarter. 180 Wealth Advisors LLC now owns 5,908 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 278 shares during the period. Osaic Holdings Inc. lifted its stake in ProShares Ultra Silver by 8.9% in the second quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock valued at $200,000 after buying an additional 345 shares during the period. Farther Finance Advisors LLC bought a new position in ProShares Ultra Silver during the third quarter worth about $35,000. Hollencrest Capital Management boosted its holdings in ProShares Ultra Silver by 12.4% during the third quarter. Hollencrest Capital Management now owns 5,912 shares of the exchange traded fund’s stock worth $451,000 after buying an additional 650 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth about $56,000.

ProShares Ultra Silver Company Profile

(Get Free Report)

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.

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