ProShares Ultra Silver (NYSEARCA:AGQ) Trading Up 5.3%

ProShares Ultra Silver (NYSEARCA:AGQ) shares rose 5.3% during mid-day trading on Wednesday . The company traded as high as $43.29 and last traded at $43.15. Approximately 542,491 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 1,581,001 shares. The stock had previously closed at $40.96.

ProShares Ultra Silver Stock Up 2.2 %

The company’s 50 day moving average is $36.20 and its 200 day moving average is $36.77.

Hedge Funds Weigh In On ProShares Ultra Silver

Several hedge funds have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC purchased a new position in ProShares Ultra Silver during the 2nd quarter valued at about $62,000. New Harbor Financial Group LLC purchased a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $321,000. Advisory Alpha LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $495,000. Insigneo Advisory Services LLC acquired a new position in shares of ProShares Ultra Silver during the 2nd quarter worth approximately $918,000. Finally, Simplex Trading LLC lifted its stake in ProShares Ultra Silver by 121.3% in the 1st 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 in the last quarter.

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.