ProShares Ultra Silver (NYSEARCA:AGQ) Trading Up 11.6% – Should You Buy?

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price were up 11.6% on Thursday . The company traded as high as $137.72 and last traded at $137.62. Approximately 2,053,015 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 6,961,106 shares. The stock had previously closed at $123.28.

ProShares Ultra Silver Stock Performance

The company’s 50 day moving average is $128.71 and its 200 day moving average is $142.66.

Hedge Funds Weigh In On ProShares Ultra Silver

Several large investors have recently bought and sold shares of the stock. Group One Trading LLC raised its stake in ProShares Ultra Silver by 53.3% during the 4th quarter. Group One Trading LLC now owns 90,024 shares of the exchange traded fund’s stock valued at $13,965,000 after purchasing an additional 31,313 shares during the last quarter. UBS Group AG acquired a new position in ProShares Ultra Silver during the 4th quarter valued at $9,454,000. Jump Financial LLC raised its stake in ProShares Ultra Silver by 678.8% during the 4th quarter. Jump Financial LLC now owns 52,811 shares of the exchange traded fund’s stock valued at $8,192,000 after purchasing an additional 46,030 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in ProShares Ultra Silver during the 3rd quarter valued at $2,020,000. Finally, Advisory Alpha LLC raised its stake in ProShares Ultra Silver by 7.3% during the 4th quarter. Advisory Alpha LLC now owns 22,722 shares of the exchange traded fund’s stock valued at $3,525,000 after purchasing an additional 1,554 shares during 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. 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.