ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 6% – Time to Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price traded up 6% during trading on Thursday . The stock traded as high as $46.40 and last traded at $47.13. 933,928 shares changed hands during trading, a decline of 48% from the average session volume of 1,782,980 shares. The stock had previously closed at $44.47.

ProShares Ultra Silver Stock Up 6.0 %

The business has a fifty day moving average of $41.37 and a two-hundred day moving average of $40.23.

Institutional Investors Weigh In On ProShares Ultra Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new stake in ProShares Ultra Silver in the 3rd quarter valued at approximately $359,000. HighTower Advisors LLC acquired a new stake in shares of ProShares Ultra Silver during the third quarter valued at $292,000. Quadrature Capital Ltd purchased a new stake in ProShares Ultra Silver during the 3rd quarter worth about $2,566,000. JPMorgan Chase & Co. acquired a new position in ProShares Ultra Silver in the 3rd quarter valued at about $110,000. Finally, Advisory Alpha LLC lifted its holdings in ProShares Ultra Silver by 1.9% in the 4th quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock valued at $609,000 after purchasing an additional 341 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.