ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up to $36.69

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) gapped up before the market opened on Friday . The stock had previously closed at $36.69, but opened at $37.92. ProShares Ultra Silver shares last traded at $37.78, with a volume of 237,365 shares changing hands.

ProShares Ultra Silver Trading Up 1.1 %

The stock has a fifty day simple moving average of $38.29 and a two-hundred day simple moving average of $31.36.

Institutional Trading of ProShares Ultra Silver

A number of hedge funds have recently bought and sold shares of AGQ. Tower Research Capital LLC TRC raised its holdings in shares of ProShares Ultra Silver by 341.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 1,778 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in ProShares Ultra Silver in the third quarter worth $226,000. HTLF Bank purchased a new stake in ProShares Ultra Silver in the fourth quarter worth $367,000. Axxcess Wealth Management LLC purchased a new stake in shares of ProShares Ultra Silver in the third quarter worth $701,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Silver in the fourth quarter worth $762,000.

About ProShares Ultra Silver

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.