ProShares Ultra Silver (NYSEARCA:AGQ) Sees Unusually-High Trading Volume

ProShares Ultra Silver (NYSEARCA:AGQ) shares saw an uptick in trading volume on Wednesday . 705,268 shares traded hands during trading, a decline of 52% from the previous session’s volume of 1,475,079 shares.The stock last traded at $40.45 and had previously closed at $38.16.

ProShares Ultra Silver Trading Up 6.6 %

The stock’s 50-day moving average is $38.45 and its 200-day moving average is $31.53.

Institutional Trading of ProShares Ultra Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Keynote Financial Services LLC acquired a new stake in ProShares Ultra Silver in the first quarter valued at approximately $817,000. Quadrature Capital Ltd acquired a new stake in ProShares Ultra Silver in the first quarter valued at approximately $3,995,000. Simplex Trading LLC grew its position in ProShares Ultra Silver by 121.3% in the first quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock valued at $1,434,000 after acquiring an additional 27,352 shares in the last quarter. Tower Research Capital LLC TRC grew its position in ProShares Ultra Silver by 341.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 1,778 shares in the last quarter. Finally, IMC Chicago LLC acquired a new stake in ProShares Ultra Silver in the fourth quarter valued at approximately $762,000.

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.