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

ProShares Ultra Silver (NYSEARCA:AGQ) gapped up prior to trading on Friday . The stock had previously closed at $90.52, but opened at $94.02. ProShares Ultra Silver shares last traded at $94.42, with a volume of 891,055 shares changing hands.

ProShares Ultra Silver Stock Performance

The stock’s 50 day moving average price is $72.46 and its two-hundred day moving average price is $106.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGQ. LPL Financial LLC boosted its stake in shares of ProShares Ultra Silver by 3.7% during the 4th quarter. LPL Financial LLC now owns 3,633 shares of the exchange traded fund’s stock worth $564,000 after purchasing an additional 128 shares during the last quarter. Hollencrest Capital Management raised its holdings in ProShares Ultra Silver by 2.3% in the 4th quarter. Hollencrest Capital Management now owns 6,049 shares of the exchange traded fund’s stock valued at $938,000 after acquiring an additional 137 shares during the last quarter. IFP Advisors Inc acquired a new position in ProShares Ultra Silver in the 4th quarter valued at $31,000. Osaic Holdings Inc. lifted its stake in shares of ProShares Ultra Silver by 8.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,220 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 345 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of ProShares Ultra Silver by 9.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,315 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 365 shares during the period.

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.