ProShares Ultra Silver (NYSEARCA:AGQ) Stock Price Cross Above Two Hundred Day Moving Average of $0.00
ProShares Ultra Silver (NYSEARCA:AGQ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $30.94. ProShares Ultra Silver shares last traded at $30.89, with a volume of 18,661 shares trading hands.
The firm’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $25.17.
An institutional investor recently raised its position in ProShares Ultra Silver stock. IMC Chicago LLC boosted its holdings in shares of ProShares Ultra Silver (NYSEARCA:AGQ) by 53.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,986 shares of the exchange traded fund’s stock after purchasing an additional 6,605 shares during the period. IMC Chicago LLC owned about 0.26% of ProShares Ultra Silver worth $468,000 at the end of the most recent quarter.
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.
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