Stock Traders Buy Large Volume of ProShares Ultra Silver Call Options (NYSEARCA:AGQ)

ProShares Ultra Silver (NYSEARCA:AGQ) saw some unusual options trading activity on Monday. Investors purchased 4,878 call options on the stock. This is an increase of 50% compared to the typical daily volume of 3,252 call options.

ProShares Ultra Silver Trading Up 0.6 %

NYSEARCA:AGQ opened at $34.23 on Wednesday. The firm’s 50 day simple moving average is $29.66 and its 200 day simple moving average is $27.38. ProShares Ultra Silver has a one year low of $21.30 and a one year high of $40.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGQ. Tower Research Capital LLC TRC lifted its position in shares of ProShares Ultra Silver by 341.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 1,778 shares during the period. Quadrature Capital Ltd acquired a new position in shares of ProShares Ultra Silver during the 3rd quarter valued at $226,000. Dubuque Bank & Trust Co acquired a new position in shares of ProShares Ultra Silver during the 3rd quarter valued at $259,000. HTLF Bank acquired a new position in shares of ProShares Ultra Silver during the 4th quarter valued at $367,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of ProShares Ultra Silver during the 3rd quarter valued at $701,000.

About ProShares Ultra Silver

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.