ProShares Ultra Silver (NYSEARCA:AGQ) Sees Strong Trading Volume – Here’s Why

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) saw unusually-high trading volume on Friday . Approximately 959,671 shares were traded during trading, a decline of 19% from the previous session’s volume of 1,186,667 shares.The stock last traded at $39.13 and had previously closed at $37.15.

ProShares Ultra Silver Price Performance

The firm has a fifty day simple moving average of $38.07 and a two-hundred day simple moving average of $38.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC bought a new stake in shares of ProShares Ultra Silver during the second quarter valued at approximately $918,000. Advisory Alpha LLC purchased a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth about $495,000. Beaird Harris Wealth Management LLC bought a new position in shares of ProShares Ultra Silver in the 2nd quarter worth about $62,000. HighTower Advisors LLC purchased a new position in ProShares Ultra Silver during the 3rd quarter valued at about $292,000. Finally, International Assets Investment Management LLC boosted its stake in ProShares Ultra Silver by 3,943.8% during the third quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 1,262 shares in 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.