ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up to $37.42

ProShares Ultra Silver (NYSEARCA:AGQ)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $37.42, but opened at $40.21. ProShares Ultra Silver shares last traded at $39.78, with a volume of 609,199 shares trading hands.

ProShares Ultra Silver Stock Up 2.0 %

The company has a 50 day moving average of $35.81 and a two-hundred day moving average of $35.99.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AGQ. Beaird Harris Wealth Management LLC acquired a new position in shares of ProShares Ultra Silver during the second quarter valued at approximately $62,000. New Harbor Financial Group LLC acquired a new stake in ProShares Ultra Silver during the 2nd quarter worth $321,000. Advisory Alpha LLC purchased a new stake in shares of ProShares Ultra Silver during the second quarter worth $495,000. Insigneo Advisory Services LLC purchased a new stake in shares of ProShares Ultra Silver during the second quarter worth $918,000. Finally, Simplex Trading LLC raised its position in shares of ProShares Ultra Silver by 121.3% in the first quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock valued at $1,434,000 after buying an additional 27,352 shares during the last quarter.

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.