ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Cross Above Two Hundred Day Moving Average of $27.28

ProShares Ultra Silver (NYSEARCA:AGQ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.28 and traded as high as $31.29. ProShares Ultra Silver shares last traded at $31.11, with a volume of 1,745 shares changing hands.

The stock’s fifty day moving average is $32.17 and its 200-day moving average is $27.36.

A number of large investors have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in ProShares Ultra Silver by 1,280.8% in the second 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 bought a new stake in ProShares Ultra Silver in the third quarter worth $783,000. Finally, IMC Chicago LLC boosted its holdings in ProShares Ultra Silver by 53.3% in the second 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 Company Profile (NYSEARCA:AGQ)

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.

Read More: Do You Need a Fiduciary?

Receive News & Ratings for ProShares Ultra Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Silver and related companies with MarketBeat.com's FREE daily email newsletter.