ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $80.60, but opened at $85.50. ProShares Ultra Silver shares last traded at $84.73, with a volume of 773,540 shares.

ProShares Ultra Silver Stock Performance

The stock’s 50 day moving average price is $74.00 and its 200 day moving average price is $103.49.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGQ. IFP Advisors Inc bought a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $31,000. Caitlin John LLC bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $76,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of ProShares Ultra Silver by 223.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 617 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 426 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of ProShares Ultra Silver in the 4th quarter valued at approximately $132,000. Finally, NewEdge Advisors LLC bought a new position in shares of ProShares Ultra Silver in the fourth quarter valued at $201,000.

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.