Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.60 and traded as high as $33.65. ProShares Ultra Silver shares last traded at $33.51, with a volume of 896,094 shares trading hands.

ProShares Ultra Silver Stock Performance

The firm's 50-day moving average is $27.02 and its 200-day moving average is $26.60.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of AGQ. Compass Wealth Management LLC bought a new position in ProShares Ultra Silver during the fourth quarter valued at approximately $32,000. Advisor Group Holdings Inc. bought a new position in ProShares Ultra Silver during the fourth quarter valued at approximately $42,000. BNP Paribas Arbitrage SNC bought a new position in ProShares Ultra Silver during the third quarter valued at approximately $62,000. JPMorgan Chase & Co. purchased a new stake in ProShares Ultra Silver during the second quarter valued at approximately $72,000. Finally, Hollencrest Capital Management purchased a new stake in ProShares Ultra Silver during the fourth quarter valued at approximately $170,000.

ProShares Ultra Silver Company Profile

(Get Rating)

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.

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