ProShares Ultra Gold (NYSEARCA:UGL) Sets New 52-Week High – Should You Buy?

Shares of ProShares Ultra Gold (NYSEARCA:UGL) reached a new 52-week high during trading on Monday . The stock traded as high as $40.93 and last traded at $41.09, with a volume of 257736 shares traded. The stock had previously closed at $40.51.

ProShares Ultra Gold Trading Down 0.4%

The firm’s fifty day moving average is $36.08 and its 200 day moving average is $34.15.

Institutional Trading of ProShares Ultra Gold

Several institutional investors have recently made changes to their positions in the stock. Country Trust Bank acquired a new stake in ProShares Ultra Gold in the second quarter valued at approximately $31,000. Elevate Capital Advisors LLC acquired a new stake in ProShares Ultra Gold in the first quarter valued at approximately $212,000. Mayfair Advisory Group LLC acquired a new stake in ProShares Ultra Gold in the first quarter valued at approximately $232,000. IAM Advisory LLC acquired a new stake in ProShares Ultra Gold in the first quarter valued at approximately $257,000. Finally, Partners Wealth Management LLC acquired a new stake in ProShares Ultra Gold in the first quarter valued at approximately $270,000.

ProShares Ultra Gold Company 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.