ProShares Ultra Silver (NYSEARCA:AGQ) Trading Up 5.8% – Should You Buy?

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) rose 5.8% during trading on Thursday . The stock traded as high as $44.90 and last traded at $45.84. Approximately 1,603,792 shares changed hands during trading, a decline of 14% from the average daily volume of 1,875,035 shares. The stock had previously closed at $43.34.

ProShares Ultra Silver Stock Performance

The stock’s 50 day simple moving average is $40.02 and its two-hundred day simple moving average is $39.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AGQ. HM Payson & Co. acquired a new stake in ProShares Ultra Silver in the fourth quarter worth about $39,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Ultra Silver in the 3rd quarter worth approximately $110,000. Seaview Investment Managers LLC bought a new position in shares of ProShares Ultra Silver in the fourth quarter valued at approximately $269,000. HighTower Advisors LLC bought a new position in shares of ProShares Ultra Silver in the third quarter valued at approximately $292,000. Finally, Fiduciary Family Office LLC acquired a new position in shares of ProShares Ultra Silver during the fourth quarter valued at approximately $324,000.

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.