ProShares Ultra Silver (NYSEARCA:AGQ) Share Price Cross Above 200-Day Moving Average of $26.02

ProShares Ultra Silver (NYSEARCA:AGQ) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.02 and traded as high as $33.62. ProShares Ultra Silver shares last traded at $31.70, with a volume of 38,151 shares changing hands.

The business has a fifty day simple moving average of $31.24 and a 200 day simple moving average of $26.02.

An institutional investor recently raised its position in ProShares Ultra Silver stock. Morgan Stanley lifted its stake in shares of ProShares Ultra Silver (NYSEARCA:AGQ) by 1,280.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,393 shares of the exchange traded fund’s stock after purchasing an additional 30,047 shares during the quarter. Morgan Stanley owned 0.44% of ProShares Ultra Silver worth $799,000 as of its most recent SEC filing.

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.

Further Reading: What does the Producer Price Index (PPI) tell investors?

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