ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up – Here’s What Happened

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped up before the market opened on Thursday . The stock had previously closed at $68.33, but opened at $72.11. ProShares Ultra Silver shares last traded at $74.50, with a volume of 1,271,576 shares.

ProShares Ultra Silver Stock Performance

The business’s 50 day moving average is $103.58 and its two-hundred day moving average is $144.56.

Institutional Trading of ProShares Ultra Silver

A number of large investors have recently bought and sold shares of the business. UBS Group AG acquired a new stake in ProShares Ultra Silver during the fourth quarter worth approximately $9,454,000. Group One Trading LLC increased its holdings in ProShares Ultra Silver by 1,826.8% in the third quarter. Group One Trading LLC now owns 58,711 shares of the exchange traded fund’s stock worth $4,476,000 after purchasing an additional 55,664 shares in the last quarter. Jump Financial LLC lifted its stake in ProShares Ultra Silver by 678.8% in the fourth quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after buying an additional 46,030 shares during the period. Genesis Financial Group LLC acquired a new position in ProShares Ultra Silver in the fourth quarter valued at approximately $3,258,000. Finally, HRT Financial LP bought a new position in shares of ProShares Ultra Silver during the 4th quarter worth approximately $2,777,000.

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. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.