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

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $400.47, but opened at $429.42. ProShares Ultra Silver shares last traded at $371.2850, with a volume of 8,616,679 shares traded.

ProShares Ultra Silver Stock Performance

The firm has a 50-day moving average of $185.14 and a two-hundred day moving average of $108.51.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC acquired a new position in ProShares Ultra Silver during the fourth quarter worth $31,000. Spire Wealth Management bought a new stake in shares of ProShares Ultra Silver in the 4th quarter worth about $50,000. Farther Finance Advisors LLC acquired a new stake in shares of ProShares Ultra Silver during the 3rd quarter worth about $35,000. Blue Trust Inc. lifted its holdings in ProShares Ultra Silver by 86.7% during the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 228 shares during the last quarter. Finally, Hoey Investments Inc. acquired a new position in ProShares Ultra Silver in the fourth quarter valued at about $163,000.

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.