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

ProShares Ultra Silver (NYSEARCA:AGQ) shares saw strong trading volume on Friday . 826,931 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 1,517,192 shares.The stock last traded at $39.65 and had previously closed at $37.49.

ProShares Ultra Silver Stock Up 5.8 %

The company’s fifty day moving average is $36.03 and its two-hundred day moving average is $35.56.

Institutional Trading of ProShares Ultra Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC acquired a new stake in ProShares Ultra Silver during the second quarter worth approximately $62,000. New Harbor Financial Group LLC acquired a new stake in ProShares Ultra Silver during the second quarter worth approximately $321,000. Advisory Alpha LLC purchased a new position in shares of ProShares Ultra Silver during the second quarter worth approximately $495,000. Insigneo Advisory Services LLC purchased a new position in shares of ProShares Ultra Silver during the second quarter worth approximately $918,000. Finally, IMC Chicago LLC purchased a new position in shares of ProShares Ultra Silver during the fourth quarter worth approximately $762,000.

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.