ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up to $40.44

ProShares Ultra Silver (NYSEARCA:AGQ) shares gapped up prior to trading on Tuesday . The stock had previously closed at $40.44, but opened at $41.54. ProShares Ultra Silver shares last traded at $41.81, with a volume of 393,954 shares trading hands.

ProShares Ultra Silver Stock Up 2.5 %

The company’s 50 day moving average is $36.12 and its 200 day moving average is $36.69.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds and other institutional investors have recently modified their holdings of AGQ. Beaird Harris Wealth Management LLC acquired a new stake in shares of ProShares Ultra Silver in the 2nd quarter worth approximately $62,000. New Harbor Financial Group LLC acquired a new stake in ProShares Ultra Silver in the second quarter valued at $321,000. Advisory Alpha LLC acquired a new stake in ProShares Ultra Silver in the second quarter valued at $495,000. Insigneo Advisory Services LLC purchased a new position in shares of ProShares Ultra Silver in the second quarter valued at $918,000. Finally, Simplex Trading LLC raised its stake in shares of ProShares Ultra Silver by 121.3% during the 1st quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $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.