IMC Chicago LLC Sells 243,180 Shares of ProShares Ultra Gold $UGL

IMC Chicago LLC trimmed its holdings in shares of ProShares Ultra Gold (NYSEARCA:UGL) by 84.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,451 shares of the company’s stock after selling 243,180 shares during the quarter. IMC Chicago LLC owned 0.24% of ProShares Ultra Gold worth $2,001,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of ProShares Ultra Gold in the third quarter valued at approximately $243,000. Global Assets Advisory LLC acquired a new stake in shares of ProShares Ultra Gold in the 3rd quarter valued at about $548,000. Partners Wealth Management LLC lifted its holdings in shares of ProShares Ultra Gold by 416.0% in the third quarter. Partners Wealth Management LLC now owns 10,083 shares of the company’s stock valued at $464,000 after purchasing an additional 8,129 shares in the last quarter. Prosperitas Financial LLC bought a new stake in shares of ProShares Ultra Gold in the third quarter valued at about $360,000. Finally, MGO One Seven LLC boosted its position in shares of ProShares Ultra Gold by 34.0% during the third quarter. MGO One Seven LLC now owns 19,688 shares of the company’s stock worth $907,000 after buying an additional 4,994 shares during the period.

ProShares Ultra Gold News Roundup

Here are the key news stories impacting ProShares Ultra Gold this week:

• Positive Sentiment: Bullish technical reversal signs: gold reclaimed the 20‑day moving average, bounced off a key Fibonacci retracement and formed bullish daily/weekly patterns — a direct technical trigger for buyers. Article Title
• Positive Sentiment: Lower U.S. yields and safe‑haven flows provided bid support for gold, helping stem the recent selloff and encouraging dip‑buyers. That macro move supports leveraged longs like UGL. Article Title
• Positive Sentiment: ETF investor resilience: the World Gold Council notes ETF holders weren’t broadly deterred by the recent price swings, which reduces outflow risk for gold‑linked funds and supports demand for instruments that track gold. Article Title
• Positive Sentiment: Macro bullish commentary: major banks and investors (e.g., CIBC forecasts and coverage of Ray Dalio’s gold view) are reiterating sizable allocations to gold as a hedge, supporting longer‑term flows into gold exposure. Article Title
• Neutral Sentiment: Momentum context: UGL’s price is above its 50‑day moving average (50d > 200d), indicating positive medium‑term momentum, but the market remains choppy — good for intraday traders but caution for buy‑and‑hold leveraged exposure.
• Neutral Sentiment: Analysts flag continued volatility: technical resistance and profit‑taking patterns mean rallies could be tested — traders are watching key support/resistance levels. Article Title
• Negative Sentiment: Cross‑market stress: silver’s sharp deleveraging and a cryptocurrency selloff earlier pressured precious metals and can cap upside; margin moves in related markets could add short‑term downside risk for gold and therefore UGL. Article Title
• Negative Sentiment: Spillover from crypto and equity weakness previously pushed gold lower, showing correlations can amplify selloffs in leveraged gold ETFs like UGL. Article Title

ProShares Ultra Gold Trading Up 6.1%

NYSEARCA:UGL opened at $70.63 on Friday. The stock has a 50-day simple moving average of $61.87 and a 200 day simple moving average of $50.21. ProShares Ultra Gold has a 52-week low of $26.59 and a 52-week high of $90.40.

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.