ProShares Ultra Silver (NYSEARCA:AGQ) Share Price Pass Above Two Hundred Day Moving Average of $24.67

Shares of ProShares Ultra Silver (NYSEARCA:AGQ – Get Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.67 and traded as high as $31.19. ProShares Ultra Silver shares last traded at $31.00, with a volume of 522,061 shares trading hands.

ProShares Ultra Silver Stock Performance

The company has a fifty day moving average price of $29.79 and a two-hundred day moving average price of $24.67.

Institutional Trading of ProShares Ultra Silver

Several institutional investors have recently modified their holdings of AGQ. JPMorgan Chase & Co. bought a new position in ProShares Ultra Silver during the 2nd quarter worth approximately $72,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of ProShares Ultra Silver during the third quarter worth $62,000. First Horizon Advisors Inc. bought a new position in ProShares Ultra Silver during the second quarter worth $88,000. UBS Group AG raised its stake in 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 worth $171,000 after buying an additional 2,428 shares during the last quarter. Finally, Hollencrest Capital Management lifted its holdings in ProShares Ultra Silver by 5.3% in the second quarter. Hollencrest Capital Management now owns 9,985 shares of the exchange traded fund’s stock valued at $244,000 after buying an additional 500 shares during the period.

ProShares Ultra Silver Company Profile

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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.