Global Assets Advisory LLC purchased a new position in shares of ProShares Ultra Gold (NYSEARCA:UGL – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,898 shares of the company’s stock, valued at approximately $548,000.
Other hedge funds also recently bought and sold shares of the company. Country Trust Bank purchased a new position in shares of ProShares Ultra Gold in the 2nd quarter valued at about $31,000. Simplex Trading LLC increased its stake in shares of ProShares Ultra Gold by 45.0% during the second quarter. Simplex Trading LLC now owns 6,285 shares of the company’s stock worth $217,000 after buying an additional 1,950 shares during the period. Rothschild Investment LLC raised its holdings in ProShares Ultra Gold by 300.0% in the second quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after acquiring an additional 2,250 shares in the last quarter. Group One Trading LLC lifted its stake in ProShares Ultra Gold by 711.7% in the second quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock worth $89,000 after acquiring an additional 2,256 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in ProShares Ultra Gold by 1,665.3% in the first quarter. Jones Financial Companies Lllp now owns 2,648 shares of the company’s stock worth $341,000 after acquiring an additional 2,498 shares during the last quarter.
ProShares Ultra Gold Price Performance
Shares of NYSEARCA:UGL opened at $73.45 on Monday. ProShares Ultra Gold has a 52 week low of $25.05 and a 52 week high of $73.71. The company’s 50 day moving average is $57.42 and its two-hundred day moving average is $47.66.
Key Stories Impacting ProShares Ultra Gold
- Positive Sentiment: Gold hit fresh records and technical momentum points to the $5,000/oz milestone, fueling demand for gold-linked leveraged ETFs like UGL. Article Title
- Positive Sentiment: Kitco reports gold remains well supported as U.S. flash PMI shows a slowing economy — a macro backdrop that typically boosts safe-haven flows into gold and related ETFs. Article Title
- Positive Sentiment: Bank of America and Goldman Sachs have raised multi‑month gold targets (Bank of America sees $6,000/oz by spring; Goldman to $5,400/oz), supporting bullish market expectations that benefit leveraged gold plays. Article Title Article Title
- Positive Sentiment: Consumer sentiment and rising long-term inflation expectations are cited alongside spot gold near $4,950 — inflation fears typically support gold as an inflation hedge. Article Title
- Neutral Sentiment: Bitwise and Proficio are launching an ETF blending gold, metals and bitcoin as an alternative to fiat — could broaden investor access to gold exposures over time, but immediate impact on UGL is uncertain. Article Title
- Neutral Sentiment: MKS PAMP plans to finalize U.S. refining expansion this year to meet rising demand — supportive for the bullion market structure but not an immediate price driver. Article Title
- Negative Sentiment: Analysts warn silver’s sprint to triple digits may be a blow-off top with risks of a sharp 30%–50% correction — a sizable metal sell-off would weigh on leveraged precious‑metal ETFs. Article Title
- Negative Sentiment: Easing geopolitical tensions (U.S.-Europe over Greenland) have previously dented safe‑haven demand and triggered pullbacks in gold; any further diplomatic thaw could pressure prices and UGL. Article Title
ProShares Ultra Gold Profile
ProShares Ultra Gold (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance. The Fund generally invests in financial instruments as a substitute for investing directly in a commodity or currency in order to gain exposure to the commodity index, commodity or currency. The Funds may purchase United States Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less.
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