AGQ Stock Summary and Trading Ideas (ProShares Ultra Silver | ARCA:AGQ)

ProShares Ultra Silver seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Silver Subindex.

ProShares Ultra Silver trades on the ARCA stock market under the symbol AGQ.

As of April 25, 2024, AGQ stock price climbed to $34.15 with 235,122 million shares trading.

AGQ has a beta of 0.47, meaning it tends to be less sensitive to market movements. AGQ has a correlation of 0.01 to the broad based SPY ETF.

AGQ has a market cap of $464.32 million. This is considered a Small Cap stock.

In the last 3 years, AGQ stock traded as high as $55.50 and as low as $17.56.

AGQ has underperformed the market in the last year with a price return of +1.0% while the SPY ETF gained +22.7%. However, in the short term, AGQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +40.2% vs +3.2% return in SPY. But in the last 2 weeks, AGQ shares have been beat by the market, returning -4.4% compared to an SPY return of -2.9%.

AGQ support price is $32.59 and resistance is $35.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGQ stock will trade within this expected range on the day.