ProShares Ultra Silver (NYSEARCA:AGQ) Trading Up 10.9% – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded up 10.9% during trading on Monday . The stock traded as high as $151.95 and last traded at $151.5210. 2,728,351 shares changed hands during trading, a decline of 77% from the average session volume of 11,977,792 shares. The stock had previously closed at $136.61.

ProShares Ultra Silver Stock Up 16.7%

The company has a fifty day moving average price of $190.63 and a two-hundred day moving average price of $112.65.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG bought a new position in shares of ProShares Ultra Silver in the fourth quarter valued at $9,454,000. Group One Trading LLC grew its position in shares of ProShares Ultra Silver by 1,826.8% in the 3rd quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after acquiring an additional 55,664 shares during the period. Simplex Trading LLC grew its position in shares of ProShares Ultra Silver by 2,095.5% in the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock valued at $2,013,000 after acquiring an additional 40,464 shares during the period. Savior LLC increased its stake in shares of ProShares Ultra Silver by 5.2% during the 3rd quarter. Savior LLC now owns 28,889 shares of the exchange traded fund’s stock worth $2,202,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of ProShares Ultra Silver in the 3rd quarter valued at about $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.