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

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price gapped up before the market opened on Friday . The stock had previously closed at $75.95, but opened at $79.03. ProShares Ultra Silver shares last traded at $78.37, with a volume of 979,530 shares changing hands.

ProShares Ultra Silver Stock Performance

The firm has a 50 day simple moving average of $59.30 and a two-hundred day simple moving average of $49.48.

Institutional Trading of ProShares Ultra Silver

Several hedge funds have recently added to or reduced their stakes in AGQ. Steward Partners Investment Advisory LLC bought a new stake in ProShares Ultra Silver during the 2nd quarter valued at $56,000. SouthState Corp bought a new stake in shares of ProShares Ultra Silver in the 1st quarter worth $115,000. Group One Trading LLC bought a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth $145,000. Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Silver in the 1st quarter worth $178,000. Finally, Osaic Holdings Inc. raised its stake in shares of ProShares Ultra Silver by 8.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after buying an additional 345 shares in the last quarter.

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.