ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped up before the market opened on Friday. The stock had previously closed at $64.14, but opened at $67.61. ProShares Ultra Silver shares last traded at $68.19, with a volume of 866,389 shares changing hands.

ProShares Ultra Silver Stock Up 5.6%

The stock’s 50 day simple moving average is $77.24 and its 200 day simple moving average is $91.35.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AGQ. Integrated Advisors Network LLC lifted its stake in ProShares Ultra Silver by 34.9% in the first quarter. Integrated Advisors Network LLC now owns 9,337 shares of the exchange traded fund’s stock worth $1,116,000 after purchasing an additional 2,418 shares during the last quarter. Hoey Investments Inc. increased its stake in shares of ProShares Ultra Silver by 767.4% during the first quarter. Hoey Investments Inc. now owns 9,099 shares of the exchange traded fund’s stock valued at $1,087,000 after buying an additional 8,050 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of ProShares Ultra Silver by 15.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,816 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 900 shares during the period. Anson Funds Management LP bought a new stake in ProShares Ultra Silver during the 1st quarter valued at approximately $744,000. Finally, Vestor Capital LLC purchased a new stake in ProShares Ultra Silver in the first quarter worth $598,000.

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.