ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $103.83, but opened at $111.51. ProShares Ultra Silver shares last traded at $113.41, with a volume of 1,042,990 shares changing hands.
ProShares Ultra Silver Trading Down 0.5%
The firm has a fifty day simple moving average of $166.91 and a 200-day simple moving average of $134.91.
Hedge Funds Weigh In On ProShares Ultra Silver
Several large investors have recently made changes to their positions in AGQ. Mercer Global Advisors Inc. ADV boosted its holdings in ProShares Ultra Silver by 9.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,315 shares of the exchange traded fund’s stock valued at $670,000 after acquiring an additional 365 shares during the last quarter. Caitlin John LLC bought a new stake in ProShares Ultra Silver during the 4th quarter worth about $76,000. NewEdge Advisors LLC acquired a new position in ProShares Ultra Silver during the 4th quarter valued at about $201,000. XTX Topco Ltd acquired a new position in ProShares Ultra Silver during the 4th quarter valued at about $993,000. Finally, Quadrature Capital Ltd bought a new position in shares of ProShares Ultra Silver in the 4th quarter valued at about $2,713,000.
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.
Further Reading
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