ProShares Ultra Silver (NYSEARCA:AGQ) Sees Unusually-High Trading Volume

ProShares Ultra Silver (NYSEARCA:AGQ) shares saw an uptick in trading volume on Wednesday . 705,268 shares changed hands during trading, a decline of 52% from the previous session’s volume of 1,475,079 shares.The stock last traded at $40.45 and had previously closed at $38.16.

ProShares Ultra Silver Trading Up 6.6 %

The stock has a 50-day moving average price of $38.45 and a 200 day moving average price of $31.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new stake in ProShares Ultra Silver in the 1st quarter valued at $3,995,000. Simplex Trading LLC increased its holdings in ProShares Ultra Silver by 121.3% in the 1st quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $1,434,000 after purchasing an additional 27,352 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of ProShares Ultra Silver in the 3rd quarter valued at about $701,000. Keynote Financial Services LLC bought a new stake in shares of ProShares Ultra Silver in the 1st quarter valued at about $817,000. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Silver during the 4th quarter valued at about $762,000.

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.