ProShares Ultra Silver (NYSEARCA:AGQ) Trading 3.6% Higher

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) rose 3.6% on Wednesday . The stock traded as high as $38.16 and last traded at $38.00. Approximately 330,080 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,414,584 shares. The stock had previously closed at $36.68.

ProShares Ultra Silver Price Performance

The firm has a 50 day moving average price of $28.44 and a two-hundred day moving average price of $26.90.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at about $32,000. Advisor Group Holdings Inc. bought a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at about $42,000. JPMorgan Chase & Co. boosted its position in shares of ProShares Ultra Silver by 74.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,627 shares of the exchange traded fund’s stock valued at $116,000 after purchasing an additional 1,549 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of ProShares Ultra Silver by 341.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 1,778 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of ProShares Ultra Silver by 120.4% during the 1st quarter. UBS Group AG now owns 4,444 shares of the exchange traded fund’s stock valued at $171,000 after purchasing an additional 2,428 shares in the last quarter.

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.