ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 4.6% – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded up 4.6% during trading on Friday . The company traded as high as $100.38 and last traded at $99.64. 1,746,482 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 8,667,930 shares. The stock had previously closed at $95.27.

ProShares Ultra Silver Price Performance

The stock has a 50-day simple moving average of $178.31 and a 200-day simple moving average of $133.01.

Institutional Investors Weigh In On ProShares Ultra Silver

Several large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its stake in ProShares Ultra Silver by 9.2% in the 4th 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 period. Caitlin John LLC bought a new position in ProShares Ultra Silver during the fourth quarter worth about $76,000. NewEdge Advisors LLC bought a new position in ProShares Ultra Silver during the fourth quarter worth about $201,000. XTX Topco Ltd purchased a new position in shares of ProShares Ultra Silver in the fourth quarter worth about $993,000. Finally, Quadrature Capital Ltd bought a new stake in shares of ProShares Ultra Silver in the fourth quarter valued at approximately $2,713,000.

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.