ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Cross Above 200-Day Moving Average – What’s Next?

ProShares Ultra Silver (NYSEARCA:AGQ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.51 and traded as high as $41.74. ProShares Ultra Silver shares last traded at $41.26, with a volume of 1,196,587 shares trading hands.

ProShares Ultra Silver Stock Performance

The business’s fifty day moving average price is $38.02 and its 200-day moving average price is $38.51.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Silver in the third quarter worth approximately $2,566,000. Advisory Alpha LLC raised its stake in ProShares Ultra Silver by 1.9% during the 4th quarter. Advisory Alpha LLC now owns 18,091 shares of the exchange traded fund’s stock worth $609,000 after acquiring an additional 341 shares during the period. Fiduciary Family Office LLC bought a new stake in ProShares Ultra Silver during the 4th quarter worth approximately $324,000. Flow Traders U.S. LLC bought a new stake in ProShares Ultra Silver during the 3rd quarter worth approximately $359,000. Finally, HighTower Advisors LLC bought a new stake in ProShares Ultra Silver during the 3rd quarter worth approximately $292,000.

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.