ProShares Ultra Silver (NYSEARCA:AGQ) Sees Unusually-High Trading Volume – Here’s Why

ProShares Ultra Silver (NYSEARCA:AGQ) shares saw unusually-strong trading volume on Friday . Approximately 1,339,917 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 1,596,381 shares.The stock last traded at $43.58 and had previously closed at $41.52.

ProShares Ultra Silver Stock Up 12.5 %

The firm’s 50 day simple moving average is $38.31 and its two-hundred day simple moving average is $37.86.

Institutional Investors Weigh In On ProShares Ultra Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in AGQ. Beaird Harris Wealth Management LLC bought a new position in shares of ProShares Ultra Silver in the second quarter worth $62,000. New Harbor Financial Group LLC acquired a new stake in ProShares Ultra Silver during the second quarter worth about $321,000. Advisory Alpha LLC bought a new position in ProShares Ultra Silver in the 2nd quarter valued at about $495,000. Insigneo Advisory Services LLC acquired a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at approximately $918,000. Finally, Keynote Financial Services LLC acquired a new position in shares of ProShares Ultra Silver in the 1st quarter valued at approximately $817,000.

ProShares Ultra Silver Company Profile

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.