ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $36.37, but opened at $37.64. ProShares Ultra Silver shares last traded at $37.49, with a volume of 339,502 shares changing hands.
ProShares Ultra Silver Stock Performance
The company has a 50-day simple moving average of $38.63 and a 200-day simple moving average of $38.51.
Hedge Funds Weigh In On ProShares Ultra Silver
A number of large investors have recently made changes to their positions in the stock. Hollencrest Capital Management raised its holdings in ProShares Ultra Silver by 8.5% during the third quarter. Hollencrest Capital Management now owns 5,041 shares of the exchange traded fund’s stock worth $204,000 after purchasing an additional 395 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of ProShares Ultra Silver by 3,943.8% in the third quarter. International Assets Investment Management LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 1,262 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra Silver during the 3rd quarter worth $61,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth about $62,000. Finally, JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Silver in the 3rd quarter valued at about $110,000.
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.
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