ProShares Ultra Silver (NYSEARCA:AGQ – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.22 and traded as high as $29.49. ProShares Ultra Silver shares last traded at $29.37, with a volume of 571,822 shares.

ProShares Ultra Silver Trading Up 2.2 %

The company's 50-day simple moving average is $26.96 and its two-hundred day simple moving average is $26.22.

Hedge Funds Weigh In On ProShares Ultra Silver

Hedge funds have recently modified their holdings of the company. Compass Wealth Management LLC purchased a new position in shares of ProShares Ultra Silver in the fourth quarter valued at about $32,000. Advisor Group Holdings Inc. purchased a new position in shares of ProShares Ultra Silver during the fourth quarter valued at about $42,000. BNP Paribas Arbitrage SNC purchased a new position in shares of ProShares Ultra Silver during the third quarter valued at about $62,000. JPMorgan Chase & Co. purchased a new position in shares of ProShares Ultra Silver during the second quarter valued at about $72,000. Finally, Hollencrest Capital Management purchased a new position in shares of ProShares Ultra Silver during the fourth quarter valued at about $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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