ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Up 3.6%

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price rose 3.6% during trading on Wednesday . The company traded as high as $38.16 and last traded at $38.00. Approximately 330,080 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,414,584 shares. The stock had previously closed at $36.68.

ProShares Ultra Silver Stock Down 0.1 %

The stock’s fifty day simple moving average is $28.96 and its 200 day simple moving average is $27.04.

Hedge Funds Weigh In On ProShares Ultra Silver

A number of large investors have recently added to or reduced their stakes in AGQ. Compass Wealth Management LLC acquired a new position in shares of ProShares Ultra Silver during the fourth quarter valued at about $32,000. Advisor Group Holdings Inc. acquired a new position in shares of ProShares Ultra Silver during the fourth quarter valued at about $42,000. JPMorgan Chase & Co. increased its holdings in shares of ProShares Ultra Silver by 74.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,627 shares of the exchange traded fund’s stock valued at $116,000 after acquiring an additional 1,549 shares in the last quarter. Tower Research Capital LLC TRC increased 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. Finally, UBS Group AG increased its holdings in shares of ProShares Ultra Silver by 120.4% during the first quarter. UBS Group AG now owns 4,444 shares of the exchange traded fund’s stock valued at $171,000 after acquiring an additional 2,428 shares in the last quarter.

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.