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

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $109.17, but opened at $121.51. ProShares Ultra Silver shares last traded at $122.91, with a volume of 1,325,036 shares trading hands.

ProShares Ultra Silver Stock Up 3.9%

The firm has a 50 day moving average price of $128.71 and a 200-day moving average price of $142.66.

Institutional Investors Weigh In On ProShares Ultra Silver

Several institutional investors have recently modified their holdings of AGQ. Signaturefd LLC bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $31,000. IFP Advisors Inc bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra Silver during the 3rd quarter worth approximately $35,000. Spire Wealth Management bought a new stake in shares of ProShares Ultra Silver during the 4th quarter worth approximately $50,000. Finally, Blue Trust Inc. lifted its stake in shares of ProShares Ultra Silver by 86.7% during the 4th quarter. Blue Trust Inc. now owns 491 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 228 shares during the last quarter.

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.