ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 10.9% – Here’s Why

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) were up 10.9% during trading on Monday . The stock traded as high as $151.95 and last traded at $151.5210. Approximately 2,728,351 shares traded hands during trading, a decline of 77% from the average daily volume of 11,977,792 shares. The stock had previously closed at $136.61.

ProShares Ultra Silver Stock Up 16.7%

The company’s fifty day moving average price is $190.63 and its two-hundred day moving average price is $112.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Simplex Trading LLC lifted 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 valued at $2,013,000 after acquiring an additional 40,464 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of ProShares Ultra Silver in the second quarter valued at approximately $237,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ProShares Ultra Silver in the second quarter worth $56,000. EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Silver during the second quarter worth $1,019,000. Finally, BNP Paribas Financial Markets acquired a new position in ProShares Ultra Silver during the second quarter worth $492,000.

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.