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

by · The Markets Daily

ProShares Ultra Silver (NYSEARCA:AGQ – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $90.68, but opened at $99.54. ProShares Ultra Silver shares last traded at $99.23, with a volume of 731,385 shares trading hands.

ProShares Ultra Silver Price Performance

The business has a 50 day moving average price of $117.15 and a 200 day moving average price of $148.51.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of ProShares Ultra Silver by 110.3% in the first quarter. NewEdge Advisors LLC now owns 2,723 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 1,428 shares during the period. Vestor Capital LLC bought a new position in ProShares Ultra Silver during the first quarter worth $598,000. Anson Funds Management LP bought a new position in ProShares Ultra Silver during the first quarter worth $744,000. EverSource Wealth Advisors LLC increased its position in ProShares Ultra Silver by 15.2% during the first quarter. EverSource Wealth Advisors LLC now owns 6,816 shares of the exchange traded fund’s stock worth $815,000 after acquiring an additional 900 shares during the period. Finally, Legacy Wealth Managment LLC ID bought a new position in ProShares Ultra Silver during the first quarter worth $332,000.

About ProShares Ultra Silver

(Get Free Report)

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.

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