China Universal Asset Management Co. Ltd. grew its stake in shares of ProShares Ultra Gold (NYSEARCA:UGL – Free Report) by 23.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,800 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. China Universal Asset Management Co. Ltd. owned approximately 0.43% of ProShares Ultra Gold worth $3,583,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. CWM LLC purchased a new position in shares of ProShares Ultra Gold in the 3rd quarter valued at $4,988,000. EverSource Wealth Advisors LLC grew its holdings in shares of ProShares Ultra Gold by 195.4% during the second quarter. EverSource Wealth Advisors LLC now owns 36,000 shares of the company’s stock worth $1,248,000 after purchasing an additional 23,813 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of ProShares Ultra Gold by 218.5% during the second quarter. Cassaday & Co Wealth Management LLC now owns 35,936 shares of the company’s stock worth $1,246,000 after purchasing an additional 24,652 shares in the last quarter. Advisory Alpha LLC acquired a new stake in shares of ProShares Ultra Gold during the second quarter worth about $929,000. Finally, MGO One Seven LLC lifted its holdings in shares of ProShares Ultra Gold by 34.0% in the 3rd quarter. MGO One Seven LLC now owns 19,688 shares of the company’s stock valued at $907,000 after purchasing an additional 4,994 shares during the last quarter.
Key Stories Impacting ProShares Ultra Gold
Here are the key news stories impacting ProShares Ultra Gold this week:
- Positive Sentiment: Major bullish price calls: BMO and other market commentators are forecasting very large upside for gold this year (targets like $6,000–$6,500/oz), reinforcing a longer‑term bullish narrative that supports leveraged gold exposure. Gold to rise near $6,500/oz in 2026 as bull case strengthens, silver’s market balance suggests caution for investors – BMO’s Amos
- Positive Sentiment: Additional bullish fund views (AuAg) expect gold toward $6,000 this year, highlighting strong upside scenarios and signaling institutional interest that can lift bullion and UGL demand. Gold headed to $6,000 this year, silver to $133, but expect 30% price swings – AuAg Funds
- Positive Sentiment: Geopolitical risk is supporting safe‑haven flows into gold (U.S.‑Iran tensions referenced by multiple outlets), which tends to lift gold ETFs and leveraged products like UGL. Gold Edges Higher Amid Growing Risks of U.S.-Iran Conflict
- Positive Sentiment: Short‑term momentum — gold is testing the psychologically important $5,000 level and showing intraday strength on safe‑haven flows, which can translate quickly into gains for UGL. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $5000 Level As Traders Focus On Geopolitical Risks
- Neutral Sentiment: Intraday technical and entry‑level analysis for active traders provides trade setups but doesn’t change the macro direction—useful for timing but neutral for the fundamental bullish/bearish debate. Gold market analysis for February 19 – key intra-day price entry levels for active traders
- Neutral Sentiment: Mining stocks rally into earnings season (e.g., Newmont) signals broader sector interest in metals, which can be correlated with bullion flows but is not a direct driver of UGL’s daily moves. Gold Mining Stock Rallying Into This Week’s Earnings
- Negative Sentiment: Technical caution: some analysts highlight a bearish short‑term bias while gold trades below the 20‑day moving average and face resistance at shorter MAs — this raises the risk of pullbacks that would hurt UGL quickly. Gold (XAU/USD) Price Forecast: Bearish Bias Persists Below Key Average
- Negative Sentiment: Macro headwinds: hawkish Fed minutes and a firmer U.S. dollar (ahead of GDP and after FOMC commentary) are cited as pressure points that could cap gold gains and weigh on leveraged ETFs like UGL. Gold (XAUUSD) & Silver Price Forecast: Fed Pressure Builds – Will Gold Smash $5,020 or Stall?
- Negative Sentiment: Dollar strength ahead of key GDP data is flagged as a near‑term headwind for precious metals, increasing the chance of short‑term volatility or pullbacks in UGL. Strength for the Dollar Ahead of GDP
ProShares Ultra Gold Price Performance
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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