ProShares Ultra Silver (NYSEARCA:AGQ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.06 and traded as high as $29.00. ProShares Ultra Silver shares last traded at $28.83, with a volume of 4,378 shares.
The stock has a 50-day simple moving average of $31.22 and a 200 day simple moving average of $28.06.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its stake in shares of ProShares Ultra Silver by 1,280.8% during the 2nd quarter. Morgan Stanley now owns 32,393 shares of the exchange traded fund’s stock worth $799,000 after purchasing an additional 30,047 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Silver during the 3rd quarter worth about $783,000. Finally, IMC Chicago LLC raised its stake in shares of ProShares Ultra Silver by 53.3% during the 2nd quarter. IMC Chicago LLC now owns 18,986 shares of the exchange traded fund’s stock worth $468,000 after purchasing an additional 6,605 shares in the last quarter.
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.
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