ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 7.9% – What’s Next?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) rose 7.9% during trading on Thursday . The company traded as high as $41.58 and last traded at $41.85. Approximately 1,241,475 shares traded hands during trading, a decline of 28% from the average daily volume of 1,719,802 shares. The stock had previously closed at $38.80.

ProShares Ultra Silver Stock Performance

The business’s 50-day simple moving average is $37.47 and its two-hundred day simple moving average is $38.31.

Institutional Investors Weigh In On ProShares Ultra Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of ProShares Ultra Silver by 3,943.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 1,262 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra Silver in the third quarter valued at about $61,000. JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Silver during the third quarter valued at approximately $110,000. Hollencrest Capital Management lifted its holdings in ProShares Ultra Silver by 8.5% during the 3rd quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock worth $204,000 after buying an additional 395 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of ProShares Ultra Silver in the 3rd quarter worth approximately $292,000.

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.