ProShares Ultra Silver (NYSEARCA:AGQ) Trading 6% Higher – Here’s Why

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

ProShares Ultra Silver Stock Performance

The firm’s 50 day moving average price is $41.37 and its 200-day moving average price is $40.23.

Institutional Trading of ProShares Ultra Silver

Several large investors have recently made changes to their positions in AGQ. Quadrature Capital Ltd purchased a new position in ProShares Ultra Silver in the 3rd quarter valued at approximately $2,566,000. Simplex Trading LLC lifted its holdings in ProShares Ultra Silver by 206.0% in the fourth quarter. Simplex Trading LLC now owns 28,155 shares of the exchange traded fund’s stock valued at $947,000 after acquiring an additional 18,954 shares during the period. Advisory Alpha LLC boosted its position in shares of 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 purchasing an additional 341 shares in the last quarter. Two Sigma Securities LLC grew its stake in shares of ProShares Ultra Silver by 201.3% during the 4th quarter. Two Sigma Securities LLC now owns 16,931 shares of the exchange traded fund’s stock worth $570,000 after purchasing an additional 11,312 shares during the period. Finally, Fiduciary Family Office LLC purchased a new position in shares of ProShares Ultra Silver in the 4th quarter valued at about $324,000.

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.