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

Shares of ProShares Ultra Silver (NYSEARCA:AGQ) saw unusually-strong trading volume on Wednesday . Approximately 841,627 shares changed hands during mid-day trading, a decline of 46% from the previous session’s volume of 1,556,388 shares.The stock last traded at $43.04 and had previously closed at $43.40.

ProShares Ultra Silver Trading Up 1.5 %

The company’s 50-day moving average is $35.95 and its 200-day moving average is $36.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AGQ. Beaird Harris Wealth Management LLC bought a new stake in shares of ProShares Ultra Silver during the second quarter worth $62,000. New Harbor Financial Group LLC bought a new stake in ProShares Ultra Silver during the 2nd quarter worth about $321,000. Advisory Alpha LLC acquired a new position in ProShares Ultra Silver during the 2nd quarter valued at about $495,000. Insigneo Advisory Services LLC bought a new position in shares of ProShares Ultra Silver in the 2nd quarter valued at about $918,000. Finally, Simplex Trading LLC grew its position in shares of ProShares Ultra Silver by 121.3% during the 1st quarter. Simplex Trading LLC now owns 49,896 shares of the exchange traded fund’s stock worth $1,434,000 after buying an additional 27,352 shares during the period.

ProShares Ultra Silver Company Profile

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.