ProShares UltraShort Gold $GLL Shares Sold by Genesis Financial Group LLC

Genesis Financial Group LLC trimmed its stake in shares of ProShares UltraShort Gold (NYSEARCA:GLL) by 62.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,384 shares of the exchange traded fund’s stock after selling 57,203 shares during the period. Genesis Financial Group LLC owned about 0.62% of ProShares UltraShort Gold worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Saba Capital Management L.P. purchased a new stake in ProShares UltraShort Gold in the 4th quarter worth approximately $9,479,000. Raffles Associates LP purchased a new stake in ProShares UltraShort Gold during the fourth quarter worth $5,884,000. Simplex Trading LLC boosted its holdings in ProShares UltraShort Gold by 3,304.2% during the fourth quarter. Simplex Trading LLC now owns 149,072 shares of the exchange traded fund’s stock worth $3,898,000 after buying an additional 144,693 shares in the last quarter. Jump Financial LLC acquired a new stake in ProShares UltraShort Gold during the fourth quarter valued at $1,536,000. Finally, Quadrature Capital Ltd purchased a new position in ProShares UltraShort Gold in the fourth quarter valued at $1,516,000.

ProShares UltraShort Gold Price Performance

GLL stock opened at $26.55 on Thursday. ProShares UltraShort Gold has a 52-week low of $15.60 and a 52-week high of $45.92. The company’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $21.48.

ProShares UltraShort Gold Profile

ProShares UltraShort Gold (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the United States dollar p.m. fixing price for delivery in London. The Fund will not directly or physically hold the underlying gold, but instead, will seek exposure to gold through the use of financial instruments, whose value is based on the underlying price of gold to pursue their investment objective. The benchmark price of gold will be the United States dollar price of gold bullion as measured by the London afternoon fixing price per troy ounce of unallocated gold bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.