ProShares Ultra Silver (NYSEARCA:AGQ) Shares Up 5.3%

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) rose 5.3% during trading on Wednesday . The company traded as high as $43.29 and last traded at $43.15. Approximately 542,491 shares were traded during trading, a decline of 66% from the average daily volume of 1,581,001 shares. The stock had previously closed at $40.96.

ProShares Ultra Silver Stock Performance

The stock has a 50-day simple moving average of $36.20 and a 200-day simple moving average of $36.77.

Institutional Investors Weigh In On ProShares Ultra Silver

Several institutional investors have recently bought and sold shares of AGQ. Beaird Harris Wealth Management LLC purchased a new stake in shares of ProShares Ultra Silver in the second quarter worth about $62,000. New Harbor Financial Group LLC acquired a new position in ProShares Ultra Silver during the 2nd quarter worth approximately $321,000. Advisory Alpha LLC purchased a new position in ProShares Ultra Silver in the 2nd quarter worth approximately $495,000. Keynote Financial Services LLC acquired a new stake in ProShares Ultra Silver in the first quarter valued at approximately $817,000. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of ProShares Ultra Silver during the second quarter valued at approximately $918,000.

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.