Stock Traders Buy Large Volume of ProShares Ultra Silver Call Options (NYSEARCA:AGQ)

ProShares Ultra Silver (NYSEARCA:AGQ) was the target of some unusual options trading on Monday. Investors bought 4,878 call options on the stock. This is an increase of approximately 50% compared to the average daily volume of 3,252 call options.

ProShares Ultra Silver Price Performance

Shares of ProShares Ultra Silver stock opened at $34.23 on Wednesday. The business has a fifty day simple moving average of $29.66 and a two-hundred day simple moving average of $27.38. ProShares Ultra Silver has a 12 month low of $21.30 and a 12 month high of $40.83.

Hedge Funds Weigh In On ProShares Ultra Silver

Several large investors have recently modified their holdings of AGQ. Dubuque Bank & Trust Co purchased a new position in shares of ProShares Ultra Silver in the 3rd quarter worth about $259,000. Simplex Trading LLC raised its position in shares of ProShares Ultra Silver by 459.2% in the 3rd quarter. Simplex Trading LLC now owns 63,266 shares of the exchange traded fund’s stock worth $1,556,000 after purchasing an additional 51,952 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Silver in the 3rd quarter worth about $226,000. Axxcess Wealth Management LLC purchased a new position in shares of ProShares Ultra Silver in the 3rd quarter worth about $701,000. Finally, HTLF Bank purchased a new position in shares of ProShares Ultra Silver in the 4th quarter worth about $367,000.

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.