ProShares Ultra Gold (NYSEARCA:UGL) Short Interest Update

ProShares Ultra Gold (NYSEARCA:UGL) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 315,400 shares, a decrease of 32.4% from the September 15th total of 466,300 shares. Based on an average daily volume of 1,631,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,631,600 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On ProShares Ultra Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Country Trust Bank purchased a new position in shares of ProShares Ultra Gold in the second quarter valued at approximately $31,000. Group One Trading LLC lifted its position in shares of ProShares Ultra Gold by 711.7% in the second quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock valued at $89,000 after acquiring an additional 2,256 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of 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. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of ProShares Ultra Gold by 300.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,080 shares of the company’s stock valued at $141,000 after acquiring an additional 3,060 shares in the last quarter. Finally, Elevate Capital Advisors LLC purchased a new position in shares of ProShares Ultra Gold in the first quarter valued at approximately $212,000.

ProShares Ultra Gold Trading Down 0.7%

Shares of UGL stock opened at $51.34 on Friday. The business’s 50 day moving average is $43.96 and its two-hundred day moving average is $38.18. ProShares Ultra Gold has a 12-month low of $22.39 and a 12-month high of $58.75.

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.