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

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) traded up 6% during trading on Thursday . The stock traded as high as $46.40 and last traded at $47.13. 933,928 shares traded 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 Price Performance

The stock’s 50-day moving average price is $41.71 and its 200 day moving average price is $40.37.

Institutional Investors Weigh In On ProShares Ultra Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the business. HM Payson & Co. bought a new position in ProShares Ultra Silver during the fourth quarter worth $39,000. JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Silver in the 3rd quarter worth $110,000. HighTower Advisors LLC acquired a new stake in ProShares Ultra Silver in the 3rd quarter worth $292,000. Seaview Investment Managers LLC bought a new position in shares of ProShares Ultra Silver during the 4th quarter worth about $269,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of ProShares Ultra Silver during the third quarter valued at about $359,000.

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.