ProShares Ultra Silver (NYSEARCA:AGQ) Shares Gap Up to $40.44

ProShares Ultra Silver (NYSEARCA:AGQ) gapped up before the market opened on Tuesday . The stock had previously closed at $40.44, but opened at $41.54. ProShares Ultra Silver shares last traded at $41.81, with a volume of 393,954 shares trading hands.

ProShares Ultra Silver Trading Up 2.5 %

The company’s fifty day moving average price is $36.12 and its two-hundred day moving average price is $36.69.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in shares of ProShares Ultra Silver during the 1st quarter worth about $3,995,000. Keynote Financial Services LLC acquired a new position in ProShares Ultra Silver during the first quarter valued at approximately $817,000. Simplex Trading LLC grew its stake in ProShares Ultra Silver by 121.3% during the first quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $1,434,000 after buying an additional 27,352 shares during the period. Insigneo Advisory Services LLC purchased a new stake in ProShares Ultra Silver during the second quarter worth approximately $918,000. Finally, Advisory Alpha LLC acquired a new stake in shares of ProShares Ultra Silver in the second quarter worth $495,000.

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.