ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Cross Above Two Hundred Day Moving Average of $25.62

ProShares Ultra Silver (NYSEARCA:AGQ – Get Rating) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.62 and traded as high as $26.02. ProShares Ultra Silver shares last traded at $25.43, with a volume of 658,368 shares changing hands.

ProShares Ultra Silver Trading Down 0.9 %

The firm has a fifty day moving average price of $27.60 and a 200 day moving average price of $25.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC purchased a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $32,000. Advisor Group Holdings Inc. purchased a new position in ProShares Ultra Silver in the fourth quarter valued at about $42,000. JPMorgan Chase & Co. increased its holdings in ProShares Ultra Silver by 74.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,627 shares of the exchange traded fund’s stock valued at $116,000 after buying an additional 1,549 shares in the last quarter. UBS Group AG increased its holdings in ProShares Ultra Silver by 120.4% in the first quarter. UBS Group AG now owns 4,444 shares of the exchange traded fund’s stock valued at $171,000 after buying an additional 2,428 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC purchased a new position in ProShares Ultra Silver in the third quarter valued at about $62,000.

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.