ProShares Ultra Silver (NYSEARCA:AGQ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.88 and traded as high as $31.55. ProShares Ultra Silver shares last traded at $31.35, with a volume of 12,319 shares.
The stock has a 50 day moving average price of $32.82 and a two-hundred day moving average price of $26.94.
An institutional investor recently raised its position in ProShares Ultra Silver stock. Morgan Stanley lifted its position in shares of ProShares Ultra Silver (NYSEARCA:AGQ) by 1,280.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,393 shares of the exchange traded fund’s stock after purchasing an additional 30,047 shares during the period. Morgan Stanley owned 0.44% of ProShares Ultra Silver worth $799,000 as of its most recent filing with the Securities and Exchange Commission.
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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