ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Should You Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $108.43, but opened at $112.81. ProShares Ultra Silver shares last traded at $114.3010, with a volume of 601,208 shares traded.

ProShares Ultra Silver Stock Up 6.7%

The firm has a 50 day simple moving average of $86.05 and a two-hundred day simple moving average of $63.91.

Institutional Trading of ProShares Ultra Silver

A number of large investors have recently made changes to their positions in AGQ. Group One Trading LLC raised its position in shares of ProShares Ultra Silver by 1,826.8% in the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock valued at $4,476,000 after buying an additional 55,664 shares during the last quarter. Simplex Trading LLC grew its stake in ProShares Ultra Silver by 2,095.5% in the 2nd quarter. Simplex Trading LLC now owns 42,395 shares of the exchange traded fund’s stock worth $2,013,000 after acquiring an additional 40,464 shares during the period. Clear Harbor Asset Management LLC acquired a new position in ProShares Ultra Silver in the 3rd quarter valued at $2,020,000. Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra Silver during the 1st quarter worth $1,176,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Silver during the second quarter worth $1,019,000.

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.